A $5.6 MILLION greyhound track planned for Murwillumbah will not go ahead after the contract between the developer and the greyhound racing fraternity fell through.
Peter Mitchell, the developer of the greyhound track at Lundberg Dr, South Murwillumbah, said he was no longer involved with the deal.
Landsolve was the entity named on the development application lodged with the Tweed Shire Council on December 23, 2010, acting on the behalf on Mr Mitchell's company Tweed Central.
"Landsolve was never the developer; they acted for my bankers Equititrust," Mr Mitchell said.
"Equititrust made me use Landsolve (for) the deal."
Landsolve is a subsidiary of Equititrust, which went into liquidation in February this year.
According to a report to Tweed Shire Council in July last year, the proposed greyhound racing facility was to be built for the Tweed Heads Coursing Club, which is located at Border Park Raceway.
"The founder of Equititrust put in writing to the dog club directors that indeed I was the beneficial owner of the development and had the resources to complete the deal," Mr Mitchell said. "I informed the directors of the dog club of this fact and also reaffirmed I had the monies to proceed with the development."
He said it was obvious the club had decided to pursue other options.
Tweed Heads Coursing Club secretary Stephen McGrath declined to comment on the deal, saying it was an issue for Landsolve and the club was not involved.
Tweed Shire councillor Warren Polglase said he was disappointed the track would not go ahead.
"We as a council supported the development because of the benefit it would bring Murwillumbah," Cr Polglase said. "It's disappointing because there are a lot of greyhound racers in the Northern Rivers who could have benefited. Then there are the housing opportunities for Tweed Heads."
The proposal included a sandy loam track and a clubhouse for bookmakers, TAB, lounge, dining, kitchen, offices, toilets, bar and staff amenities.
Tweed Heads Coursing Club is still using Border Park for greyhound races.