Racing Victoria have been signed off to purchase a piece of land three times the size of Flemington near Melbourne Airport with the view of future proofing the industry.
The details of the purchase, including land size and amount paid for the area are subject to strict confidentiality agreements while the paperwork is pushed through. Further details are set to be released by RV.
The VRC were not financially involved in the purchase of the the transaction but according to reports played a significant role in the purchase of the land.
While there has been rife speculation as to what the land will be turned into there have been no confirmed plans or details released as yet.
Currently used for agriculture the land has the potential to be developed for many purposes, including a new training centre, a new racetrack, equine welfare programs, quarantine facilities and workforce development and education.
Outgoing Racing Victoria Chief Giles Thompson was more than happy to have secured the new parcel of land.
“This land helps future proof our industry and delivers a valuable asset for Victorian racing,” Thompson said.
“Its size and location provide the industry with a number of potential uses which will be workshopped and planned in the years to come.
“Any development of the land will only occur following a detailed feasibility and planning process involving extensive consultation with all our key industry stakeholders.”
The new land will bring another dimension to the racing industry in Victoria and could look to bolster the big three metro tracks of Flemington, Moonee Valley and Caulfield potentially into the big four.