Rosehill racecourse to be sold in mega $5 billion plan

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Rosehill racecourse to be sold in mega $5 billion plan

7 months 1 week ago
#875204
A plan to “future proof” the NSW racing industry would see Rosehill racecourse sold to developers and converted into units, and a metro station added to the area.

A majority of Rosehill Gardens trainers would support a radical plan to transform the racecourse into a new Western Sydney suburb but only if a proposed state-of-the-art training facility made the potential track closure a viable option for their stables.

The NSW government has unveiled a tightly wrapped proposal which could convert a major Sydney racecourse into a new metro station, entertainment precinct and space for up to 25,000 homes, effectively creating a mini city.

Under the plans, Rosehill Racecourse in the city’s west will be relocated to other properties owned by the Australian Turf Club (ATC), who approached the government with the idea.

While the ATC will retain the site, funds from the major development are estimate to inject up to $5bn into Sydney’s racing industry, including avenues like racing, training and infrastructure facilities, and stabling venues.

Although the plan will now be subjected to the government’s unsolicited proposal process, the ATC have already signed a memorandum of understanding.


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$5 billion plan to axe Rosehill racecourse to create 25,000-home ‘mini city’

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Jessica Wang from Nca Newswire
December 7th, 2023 2:51 pm
The NSW government has unveiled a tightly wrapped proposal which could convert a major Sydney racecourse into a new metro station, entertainment precinct and space for up to 25,000 homes, effectively creating a mini city.

Under the plans, Rosehill Racecourse in the city’s west will be relocated to other properties owned by the Australian Turf Club (ATC), who approached the government with the idea.

While the ATC will retain the site, funds from the major development are estimate to inject up to $5bn into Sydney’s racing industry, including avenues like racing, training and infrastructure facilities, and stabling venues.

Although the plan will now be subjected to the government’s unsolicited proposal process, the ATC have already signed a memorandum of understanding.


Revenue from the development would be invested into a new training Centre of Excellence at Horsley Park, while a site at Warwick Farm will also be developed into a new track, including a full rebuild of training, stabling and spectator facilities.

A redevelopment of the Canterbury Park Racecourse, and an expansion of the stables and training facilities at the Royal Randwick Racecourse have also been flagged.

NSW Premier Chris Minns described the proposal as a “once in a generation opportunity” that would secure the future of racing in NSW, and build more housing.

“The Government sees this as an opportunity to put its money where its mouth is and build more housing, close to transport links, with plenty green space for new families,” he said.

“This is exactly the type of proposal my government has been talking about over the last 6 months.
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  • mikesack
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Re: Rosehill racecourse to be sold in mega $5 billion plan

7 months 1 week ago
#875211
Beautiful course.
David Payne is based there I think.

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