PHOTO: Mayor Toby Adams, left, Chloe Wright, Basil Morrison, Wayne Wright Snr, Alexandra Wright amd behind her is Wayne Wright Jnr.
Eight years after the last horse crossed the finish line, Paeroa Racecourse has a new lease of life, with a vision that will help create employment opportunities and additional homes for the region.
Hauraki District Mayor Toby Adams, deputy mayor Paul Milner and former mayor Basil Morrison attended the official ‘chain cutting’ at the Racecourse this week, as new owners WFT Finance & Investment Company Ltd took possession of the historic property.
WFT Finance & Investment has partnered with local developer Tim Bartells.
The company hopes to develop the 33.5-hectare property, including refurbishing the racecourse stands and kitchen areas, continuing the link the racecourse has with the region.
The Wright family of Tauranga is the shareholder of WFT Finance & Investment Company and is committed to investments that make a positive difference to New Zealand communities.
The Wright family is also behind The Wright Family Foundation, a charitable trust renowned for the particular focus foundation trustee Chloe Wright has placed on the wellbeing of mothers and children.
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