The Ipswich Turf Club has seen unprecedented operational challenges over the past year but managed to produce an operating surplus once again this financial year.
That is according to ITC Chairman Wayne Patch who advised members at the AGM today that the Club had a promising outlook set for 2021 and beyond.
“Having regard to the months of track closure for drainage and irrigation upgrades, months of patron free racing due to Covid, the significant impact on general access to the property and the unavailability of some of our key function areas this has been a significant achievement from all involved,” Mr Patch said.
“The inconvenience caused by the development work to our many stakeholders has been unfortunate but unavoidable.
“I can confidently say that the future of the ITC has never looked brighter.
“Whilst the highly anticipated infrastructure project brings our facilities into the 21st century it will not in itself become the commercial panacea that will provide self-sufficiency into the future.”
Mr Patch said the newly completed facilities make the venue highly attractive in terms of membership and corporate marketability.
“This aspect of our business has been difficult in the past and with the new facilities in place our team will be focusing heavily on promoting and marketing the new look ITC and IEEC. Club membership has been increasing over recent months as never before.
“Our long-established strategy for sustainability and growth is the commercial development and the stage is now set for us to move forward with this project which when finalised will ensure our future financial sustainability.”
Mr Patch also added on behalf of the committee his sincere gratitude to those stakeholders who have remained loyal and patient in the expectation of new and improved facilities.
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