NSW Gov Injects $67M into Country Tracks

A massive $67 million is being injected into racetrack upgrades by the NSW Government. According to racingnsw.com.au, the government said the money will be spent on improvements for grandstands, raceday amenities and racecourse surfaces following consultation with Racing NSW. Racing NSW’s CEO, Peter V’landys AM pointed out the $67m package was not a “handout” from the government, but an investment strategy. “I can assure you Dom Perrottet [NSW Treasurer] doesn’t give money out – we had to show a business case where for every dollar the government puts in, they get $1.60 back. They’re going to get a substantial return on the investment,” he added. Albury, Scone and Muswellbrook are among the 21 country clubs to benefit from the NSW Government’s initiative. Cessnock, which no longer holds race meetings, is also listed as it will be redeveloped as a training centre. Albury Racing Club’s CEO, Steve Hetherton, said his club welcomes the government’s investment. “Albury Racing Club is very grateful that the NSW Government intends to make a significant investment in our racing and training facilities which will have a positive effect on our local economy,” he said. Scone is set to receive $20m for increasing and upgrading on-course stabling and the construction of a poly training surface that allows for as much as a 300% increase of horses trained at the facility. The investment complements the recent purchase of the Scone TAFE by Racing NSW and will help drive industry employment and provide job security and skilled workers. Muswellbrook Race Club is expected to receive $4.2m for its racing and multi-purpose function centre expansion and improvements.