Australian Turf Club members to vote on historic $5bn redevelopment plan in Sydney’s west

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*********** Turf Club members to vote on historic $5bn redevelopment plan in Sydney’s west

*********** Turf Club members will vote on Tuesday on the future of Sydney’s Rosehill Racecourse after demanding $5bn to sell the historic venue for a new “mini city”.

The vote marks the end of a 17-month saga for the club and the state government, who have proposed redeveloping the land for a “once in a generation” housing project.

The government plans on erecting 25,000 new homes, as well as a Metro West station, on the western Sydney site, if the ***** is approved and then on-sold.

If the ***** is approved, the ATC has vowed to use the ***** money on $1.9bn in upgrades to other Sydney race tracks, including upgrades to entertainment and other amenities.

Opponents of the deal have called on the club to reconsider its approach and instead refocus on racing-related improvements that “members value”.

Some 11,000 members will vote on the proposal on Tuesday afternoon, which is supported by the club’s chairman, Peter McGauran.

Mr McGauran, in a letter to members earlier this year, described the vote as “without any doubt the most important and consequential in the history of our club”.

Camera IconAustralian Turf Club members will vote on Tuesday on the future of Sydney’s Rosehill Racecourse. NCA NewsWire / Monique Harmer Credit: News Corp Australia

“This proposal offers a one-off opportunity to make the ATC the most financially secure racing club in the world,” he said in March.

“Many members love Rosehill Gardens and are reluctant to see it go, but the truth is it’s an outdated venue with declining crowds.

“This proposal can rejuvenate and secure the racing industry for many generations to come.’’

The vote was initially due to be held on April 3, but was postponed following concerns about “fairness and transparency”.

Information has since been provided to members detailing the perspectives of both the “Yes” and “No” camps.

Under the proposal, state government payments to the ATC are timed to fund “several major investments” over 15 years.

The funds will, among other measures, be used to redevelop Warwick Farm into a replacement Group 1 track.

Premier Chris Minns told ABC Sydney radio on Tuesday he would be “disappointed” if the ATC shot down the deal.

“I thought this would be a good step forward for Sydney,” Mr Minns told Craig Reucassel.

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“This would be infill development, but effectively untouched land for over 100 years so didn’t have the contamination risks in a lot of other parts around the Parramatta River.”

Mr Minns ruled out compulsorily acquiring the site if the club voted against the *****.

“I think that it would be disingenuous of me,” Mr Minns said.

“We’re leaving it up to the members of the ATC.”

“The question we’re asking ATC members is: as we’re driving a tunneler underneath the racecourse, do you want us to put a Metro station in as well? Once we’re through, that’s it.”

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