The Queensland government has made a final bid to save the Mount Isa Rodeo — the largest event of its kind in the southern hemisphere — after it entered voluntary administration in October.
In November, a final report by administrators SV Partners found at least 83 creditors were owed $1.9 million with a shortfall of about $1 million.
The government has confirmed it will bolster the Mount Isa Transition Fund, an initiative worth $20 million, designed to strengthen the economy ahead of the closure of a major industry next year.
Deputy Premier Jarrod Bleijie said an extra $2 million will be tipped into the pot for Mount Isa City Council to allocate to the event.
“[We’re] proud to support the Mount Isa Rodeo, as it attracts 25,000…
