Moonee Valley Racing Club has announced it will invest more than $16 million towards to the club’s $220 million redevelopment project.
This redevelopment will also be backed with $5 million of funding from the Victorian government’s racing industry fund.
“The Victorian government’s support is a vital contribution to our bold vision for the future of The Valley – this funding helps us realise our vision of transforming The Valley into the premier night racing destination in the world,” Moonee Valley Racing Club chair Adam Lennen said.
Under the plan, which is expected to create 200 jobs during construction, a new grandstand will be built, making the infield of the racetrack suitable for public use.
A new 27-metre-wide track will also be constructed with improved drainage, irrigation and turf for better safety and performance, while the existing track will be realigned 90 degrees, resulting in the relocation of the home straight and grandstand from Feehan Avenue to Victoria Street.
New horse stalls will be built to improve animal welfare, alongside a vet office, farrier room, wash bays, parade ring, swab and scope boxes as well as a new patron entry and viewing area. Energy-efficient lighting and upgraded infrastructure will also improve broadcast quality and the viewing experience, while reducing power consumption.
The club has appointed Symal to undertake civil and infrastructure works for the new precinct, a deal worth some $70 million.
According to the state government, the project complements the new Moonee Valley Park housing precinct development, which will deliver more than 2,000 new homes as well as open spaces and community facilities on the site of the existing grandstand.
“We’re investing in the infrastructure that will cement the Valley’s future and our reputation as the racing capital of Australia – supporting trainers, jockeys, owners and fans,” Minister for Racing Anthony Carbines said.
“We will always back the racing industry which does so much for our state – generating $4.7 billion for the economy and supporting 35,000 full-time equivalent jobs.”
Moonee Valley hosts 23 race meetings each year, including the iconic W.S. Cox Plate. The 2025 Cox Plate Carnival, held between 24-25 October, will be the final meeting before the racecourse closes for redevelopment, which is schedule to commence on 1 November.