The Goat Race Festival begun in 1925 and for many years was the major activity on the village recreation ground. Area development forced a shift of venue to the Battery and thence to its current and permanent home. The festivals are held annually at Buccoo on the Sunday after Carnival, on Easter Monday at Mount Pleasant and the premier event on Easter Tuesday, a de facto Tobago holiday at Buccoo and also during the July/August Heritage Festival.

The pioneers of goat racing have now all passed on, but their legacy in the form of the Goat Race Committee within the Village Council remains a landmark in community development through voluntary service.