Caulfield racecourse is in line for a $300 million transformation.
The Melbourne Racing Club is to outline to its members its vision to “redesign the racing and event experience for visitors” to the course with “new state-of-the-art facilities.”
The proposed upgrade includes a new grandstand, a second racetrack, new spectator entrance, horse stalls and parade rings.
If the plans are approved, Caulfield would become the third major metropolitan racetrack to be revamped.
Moonee Valley Racing Club is engaged in a $2 billion project that involves a new grandstand, redeveloped infield and reoriented racetrack.
And Flemington last year opened its $120 million Club Stand.
The first stage of the Caulfield revamp could start by year’s end.
As well as presenting its plans to members the MRC is to update them on Sandown, the club’s prized second metropolitan racetrack.
It may apply to rezone freehold land at both Caulfield and Sandown, possibly changing it from being in a “special use zone” to a “comprehensive development zone.”
Speculation about Sandown’s future has been intensifying, but it is understood the MRC has no plans to develop it into a training centre.
Training will stop at Caulfield in November 2023, so 18 hectares in the infield can be redeveloped for public use.
Club-owned land on the course’s western perimeter has been earmarked for residential redevelopment.
The Hiskens and the Norman Robinson stands will be redeveloped.
“The MRC vision will give Caulfield a world-class racing experience for members, guests and our equine and human athletes,” chairman Peter Le Grand said.
“The new racing facilities will be built with members and participants at the forefront of our mind.
“This vision ensures a strong, viable horse racing industry for not just this generation but future generations of horse racing fans. Our vision and desire is to make Caulfield the most popular racing, sporting and entertainment centre in Australia.”
MRC chief executive Josh Blanksby said Caulfield would also position itself to hold university exams for nearby Monash students and host events and conventions.
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