Melbourne’s Moonee Valley racecourse has unveiled its AUS$2 billion (US$1.5 billion) redevelopment plans.
Dubbed the ‘Vision for the Valley’ by Australian project leader Cox Architecture, Moonee Valley Racing Club’s (MVRC) plans include the construction of a new grandstand, a revised track layout and a residential development for nearly 2,000 homes.
The proposed development has taken over a decade of planning and consultation. The project now enters the design and construction phase that will see the grandstand relocated to face the Melbourne city skyline and the track’s home straight extended from 173 metres to 317 metres.
Work is scheduled to begin on the grandstand and track in 2020, while the marketing of the first residential precinct will begin in 2018.
“The scale and ambition of this project is unparalleled,” said Don Casboult, chairman of the MVRC. “The Valley of Tomorrow will respect our great heritage while creating a wonderful new environment for all to enjoy. Our vision for The Valley is designed to provide the best facilities of any sporting, lifestyle, residential and community precinct in the nation.”
Moonee Valley hosts the annual Group One Cox Plate, which is named for the track’s 1883 founder William Samuel Cox. The past three runnings of the contest have been won by Australian super-mare Winx, and Chris Waller’s unbeaten star is expected to return to the course to attempt to win a record fourth title in 2018.