The Australian Turf Club (ATC) will invest up to $5 billion into racing and racing infrastructure by developing Rosehill Gardens Racecourse as a housing and entertainment mini city.
At least 25,000 homes will be built at Rosehill Gardens adjacent to a new Metro Rail Station with revenue used to enhance and rebuild the ATC’s racecourses and training facilities.
It will see racing and training moved in stages from Rosehill Gardens to new tracks by the end of the decade.
ATC Chairman Peter McGauran said the proposal was the most significant opportunity in the history of Sydney racing.
“This future-proofs Sydney racing for a century to come,’’ Mr McGauran said.
“It will cement Sydney racing as the best, most modern and financially secure jurisdiction anywhere in the world.’’
The ATC will invest in the following;
o A new training Centre of Excellence at Horsley Park alongside the Sydney International Equestrian Centre to cater for current Rosehill Gardens stables and extra trainers
o Several sites across Sydney will be earmarked and investigated for a new, world-class racecourse
o Warwick Farm will be developed with a new world-class track and a full rebuild of training, stabling and spectator facilities
o Redevelop Canterbury Park increasing the size and circumference of the course proper, in addition to new spectator facilities
o Rebuild and expand the total number of stables and training infrastructure at Royal Randwick Racecourse
Mr McGauran said: “All of the NSW racing industry from the trainers, jockeys, stablehands, staff, to our Members and all racegoers will reap the benefits.
“This is a once in a lifetime opportunity to secure racing, along with the ATC contributing to the community and economy in helping to ease the housing shortage in Sydney,’’ Mr McGauran concluded.
This proposal is subject to the NSW Government’s unsolicited proposal process.
Rosehill Racecourse, picture ThoroughbredNEWS