Loading
Horse Trading Finished
World Youth Day costs near $100 million
New $40 million compensation package calms racetrack owners

.- A $40 million taxpayer-funded compensation package to the horseracing industry has pushed the costs of Sydney's upcoming World Youth Day close to $100 million, The Australian reports. 

The agreement confirms Randwick racecourse as the site of World Youth Day’s overnight vigil and Papal Mass. 

Negotiations with Randwick trainers and horse owners over lost race revenues, the stabling of horses, and the necessity of renovating the site for the event were quite heated over the last several months. 

However, Racing NSW chief executive Peter V'landys said the anger had subsided and the vice-president of the NSW Trainers Association, John O'Shea, described the result as "acceptable".

"The best result for us was always that World Youth Day was not going to be held at Randwick," Mr O'Shea said.
 
The costs will cover the relocation of some 700 horses to other racetracks and the refurbishment of the site after World Youth Day ends.

The Archdiocese of Sydney is paying between $15 and $20 million towards the event, while funds from corporate partners and pilgrims will also help defray the costs.  The federal government is paying $55 million for the event, while the state government is dedicating $20 million.

Australian government officials hope for $150 million in economic benefits from the event, which may attract 100,000 foreign visitors.

World Youth Day events will begin July 15.  As many as 500,000 people are expected for the Papal Mass.


Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages

RESOURCES »

Ads by Google (What's this?)
Ads by Google (What's this?)

Featured Videos

Pope Francis celebrates the closing Mass and announces site of next World Youth Day
Pope Francis celebrates the closing Mass and announces site of next World Youth Day
Pope Francis visits poor neighborhood and meets with young people from Argentina
Pope Francis celebrates Mass at the National Shrine of Our Lady of Aparecida
Denver rally draws hundreds in support of religious freedom
Pope Francis prays over a sick man in St Peter's Square
Denver women's clinic will offer natural, Catholic care
Interview Clips: Barbara Nicolosi speaks to CNA
US Cardinals press conference at North American College
Pope Benedict to retire to monastery inside Vatican City
Pope cites waning strength as reason for resignation
Hundreds convene in Denver to urge respect for life
New Orange bishop encourages Catholic unity in diversity
Chinese pro-life activist calls for reform, international attention
At Lincoln installation, Bishop Conley says holiness is success
Mother Cabrini shrine reopens in Chicago after a decade
Ordination of 33 deacons fills St. Peter's with joy
Cardinal says "Charity is the mother of all the virtues"
Augustine Institute expands evangelization effort with new campus
Bishops recall 'Way of St. James' as chance to trust in God
Los Angeles cathedral's newest chapel houses Guadalupe relic
Apr
18

Liturgical Calendar

April 18, 2014

Friday of the Passion of the Lord (Good Friday)

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Jn 18:1 - 19:42

Gospel
Date
04/18/14
04/17/14
04/16/14

Daily Readings


First Reading:: Is 52:13-53:12
Second Reading:: Heb 4:14-16; 5:7-9
Gospel:: Jn 18:1-19:42

Homily of the Day

Jn 18:1 - 19:42

Homily
Date
04/18/14
04/17/14
04/16/14

Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
     HTML
Text only
Headlines
  

Follow us: