Funding for a major infrastructure project at the Goulburn racecourse will depend on the country racing club handing over its land to Racing NSW, a members’ information meeting has been told.
In return for a $9.5 million cash injection to build a new stable complex, Goulburn will have to transfer its racecourse freehold to the regulatory body.
A development application for the new stables, expected to accommodate 80 racehorses, has already been lodged and approved by the Mulwaree Council.
The terms of the Racing NSW deal were unveiled to Goulburn and District Racing Club members for the first time on Monday night.
As it has done since acquiring the freehold on several other NSW racetracks, Racing NSW says it would enter into an extended lease agreement with Goulburn.
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