The Gold Coast Harness Racing Club may be relocated to the turf club but its future still remains uncertain

MORE than $10 million will be splashed out on securing a new home for the Gold Coast Harness Racing Club - but it may not be enough.

MORE than $10 million will be splashed out on securing a new home for the Gold Coast Harness Racing Club - but the State Government contribution may not be enough to keep the group operating in the city.

The Gold Coast Turf Club has been announced as one on the shortlist of potential new homes, but members of the local harness racing fraternity fear they won't be welcome on the site and it will not be large enough for their needs.

The club, which boasts 100 members, is homeless following the demolition of Parklands.

Members fear the $10 million awarded by the State Government is not enough to find a Gold Coast home and stakeholders may be forced to look at a cheaper location as far north as Logan or Brisbane.

Gold Coast Harness Racing Club boss Barry Grimsey, who earlier this year filed a $40 million compensation lawsuit against the Newman Government on behalf of the members, said land at the Gold Coast Turf Club was on a shortlist of potential new homes.

"At the moment there is no harness racing on the Gold Coast full stop and we are looking at least three years before the trots will be able to start up again," he said.

"It will never be like it was at Parklands but we want a decent sized complex so we can get marquees up but this cannot be a reality with just $10 million.

"The turf club is being looked at but I do not think there is any support for having us race inside the existing track."

Racing Queensland has formed a project management group to find a new home for the club which will meet for the first time on Thursday.

It will include Racing Queensland chief executive Darren Condon, Queensland Harness Racing Board chairman Brad Steele and Mr Grimsey.

Mr Condon said no options had been ruled out.

"All possible options are 100 per cent still on the table for discussion and through our group meetings and consultation with the industry, each will be investigated thoroughly in detail with due diligence," he said.

"We will explore every potential site that is suitable for the redevelopment so that when the final decision is made on where the GCHRC's new home is, we will categorically know it is the best option."

The club lost its 25-year-old home last month after Parklands closed to make way for the 2018 Commonwealth Games Athletes' Village.

Its fellow evictee, the Gold Coast Show, will relocated to the turf club while the former Gold Coast Greyhound Racing Club has been given $12 million for the creation of a new facility.

The turf club has expanded its focus beyond racing in the past year to become a multi-events precinct which will include the show and Shadwell Arabian Plate and UAE Arabian Plate on December 7.

The club filed its compensation lawsuit demanding funds for loss of revenue, loss of reputation and money to move out of Parklands in August warning the legal action was a "last resort".

Mermaid Beach MP Ray Stevens confirmed the Gold Coast Turf Club option would be an unlikely option under current funding arrangements.

"The Gold Coast is obviously an ideal location for racing given how successful it was at Parklands but the amount of money just isn't enough to keep it here unless more can be raised," he said.

"If the turf club can be secured it would be a good location and the existing training area could be converted to suit their needs.

"I will work with stakeholders to find a location somewhere on the Gold Coast so we can allow racing fans to enjoy their recreation hobby."