National Finals Rodeo to be a part of outback extravaganza at Caboolture Rhys Angland competes in the bull ride event at the 2012 National Finals Rodeo at Broadbeach. CABOOLTURE has captured the National Finals Rodeo from the Gold Coast. The biggest event on the rodeo circuit has been held on the Coast for the past seven years, drawing up to 12,000 spectators and injecting millions of dollars into the city's economy. The shock move caught Gold Coast tourism officials by surprise, but the city's loss is Caboolture's gain, with next year's finals to be held at the State Equestrian Centre on May 1-4. It will be part of an outback extravaganza that is expected to include the Urban Country Music Festival. Australian Professional Rodeo Association administrator Steve Hilton said it was purely a commercial decision. "It is disappointing because we had been looking for a permanent home and we thought we had found it," he said. It just wasn't financially viable to keep it on the Gold Coast. There were a lot of costs and logistical issues associated with having it there. Caboolture ticks all the boxes. Moreton Bay Mayor Allan Sutherland said the event, which features the top rodeo stars from across the country, would be a massive boost for Caboolture. "It will be an unrivalled weekend of thrills, spills and rodeo skills for cowboys, cowgirls and country music fans," he said. This year's event on the Gold Coast coincided with a new country music festival in Broadbeach. However, Broadbeach Alliance CEO Jan McCormick said that festival would continue on a date next June with headliners including Adam Harvey and Troy Casser-Daley. "It's obviously disappointing that the rodeo won't be returning, but the Broadbeach Country Music Festival was always designed as a stand-alone event," she said. Gold Coast Tourism CEO Martin Winter said it was a shame the event was lost to the city. "It's a pretty unique event and added to the variety of the city's event calendar," he said.