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Biloela's economy is driven by pastoral and agricultural enterprises and by the local coalmines, although, mercifully, it could never be described as a mining town.
Specifically, local income is generated by annual livestock slaughtering, cotton production, dairying, wheat, sorghum, lucerne and other grains and cereals.
There are a number of interesting buildings in the town.
One of the few remnants of the town's original name can be seen on the main street where the Castle Creek Theatre is a dominant feature.
Theodore was the first irrigation project in Queensland and the government, determined to succeed, had built a settler accommodation house for all new arrivals to the area.
The new arrivals moved out to the holdings and gradually the town became the centre of a successful experiment.
A publication known as the 'Little Green Book' was widely circulated.
Traversing the township from north to south is a spacious garden boulevarde, intersected at intervals by avenues which have also been planted with palms and shade trees in such a manner as to led a restful appearance to the scene..the centre of the town is an oval around which has been erected the residences for the accommodation of members of the Commissioners local staff..oval is laid out in lawns, in the centre of which stands a picturesque water tower 50 feet high, from which the town water supply is reticulated.The profits from the hotel are still used to fund community activities and projects.Dawson Folk Museum Just south of the hotel is the Dawson Folk Museum which has a huge and interesting collection of memorabilia from the local area including the old telephone exchange, some fascinating pieces of farm and domestic equipment, and lots of photographs recalling the early history of the town. Isla Gorge National Park Only 30 km south of Theodore, on the Leichhardt Highway, is Isla Gorge National Park.Located 140 m above sea level and 559 km from Brisbane (via the Warrego and Leichhardt Highways) it almost has the appearance of a seaside resort. It is a town of considerable elegance and originality.Entering the town, the first thing the visitor notices are the palm trees and tropical bushes growing in the broad median strip which runs down The Boulevarde and culminates in a large and gracious roundabout which is edged by a series of attractive, wooden buildings including the local police station. But then any town which started its life as Castle Creek and ended up, by its own choice, being named after one of Australia's most controversial politicians, E. 'Red Ted' Theodore (Premier of Queensland 1919-25 and Treasurer and Deputy Prime Minister 1929-30), should be different from other places.