Australian Turf Club are set to rebuild its major racing and training assets across Sydney as part of a 10-year plan to upgrade facilities at Randwick, Rosehill, Canterbury and Warwick Farm.
The ATC will fund the infrastructure upgrades as a result of its financial position and the sale of surplus land at Canterbury reportedly worth more than $50 million.
Upgrades to Rosehill and Randwick could potentially include retail and entertainment facilities to capitalise on their accessibility via public transport in a bid to generate revenue away from racing.
ATC chief executive officer Darren Peace highlighted his intention to bring Sydney racetracks to the forefront of racing, telling the Sydney Morning Herald, “We want them to be world-class facilities on and off the tracks.”
Racing will still remain the main priority of the ATC during the project with a focus on upgrading the racetracks.
Work is already underway on the Kensington track at Randwick and is expected to be ready for racing by next year.
A complete rebuild of Warwick Farm will commence at the end of 2018, which will include an additional synthetic track.
Training tracks at Randwick and Rosehill will also get a makeover in 2017 and a proposal has been put forward to build 600 stables at Randwick.
Canterbury racetrack will only receive a facelift before potentially being sold in 2020 to fund an equine centre of excellence pending a suitable location being found.
Source: Sydney Morning Herald