A group of race horse owners and trainers are looking at the central Massachusetts town of Spencer as a location for a new race track.

Besides the track, the plan includes space for equestrian shows, riding trails and an area to retrain horses.

Paul Umbrello is the executive director of the New England Horseman’s Benevolent and Protective Association.

“We’re talking about $100 million in an economic boost to the economy, so that’s important to us,” Umbrello said. “But more importantly, it’s the jobs. The UMass study came up with, conservatively, 900 jobs.”

Umbrello is referring to a study by the UMass Amherst Center for Economic Development that was commissioned by the horseman’s group.

Besides the land, another important detail — financing — has yet to be finalized. At least some money from the state’s race horse development fund — money collected from casinos — could be used to help pay for the park.