The aim of the program is to further the long-term growth and sustainability of Sydney racing.
ATC CEO, Darren Pearce, said the improved position of the club – a record $13.439 million operating surplus for the 2015/16 financial year – would permit investment in world-class racing and training infrastructure at its four racecourses in the metropolitan area.
“It’s now time to deliver world-class racing and training assets,” Mr Pearce said.
Investment in Western Sydney includes an upgrade of training tracks at Rosehill Gardens, including conversion of the larger circumference sand track to a synthetic surface, and the existing synthetic to a sand surface, full course proper rebuilds at Rosehill Gardens and Warwick Farm, along with a possible new synthetic track to replace the current A grass.
The ATC would take advantage of the Parramatta light rail proposal connecting Rosehill to the network and the wider development of the Camellia Peninsula to investigate the erection of lights as part of the ATC’s masterplan for Rosehill Gardens.
The club has approximately 25 hectares of land fronting James Ruse Drive for the development of a mixed-use precinct to include a hotel and serviced apartments, commercial and retail developments including a new transport interchange.
“We remain fully focused on continuing to make Sydney racing not only the strongest in Australia, but the benchmark for anywhere in the world,” Mr Pearce said.
“This will continue to attract more of the best horses and trainers from Australia and around the world for the benefit of all Sydney racing fans.”
Mr Pearce said the benefits of the NSW Government’s changes to wagering taxation would provide further opportunities for the ATC to future proof Sydney racing, and make infrastructure, prizemoney and events world-class for the foreseeable future.
