The Melbourne Cup’s Flemington Racecourse Will Receive a Makeover
Australian gambling giant, Tabcorp, has announced they will contribute, together with the Victorian government, to the planned upgrades of the Flemington Racecourse, home of The Melbourne Cup.
Global builder Multiplex won the contract for the project which will cost $128 million and is expected to be completed by Cup Day 2018. The state government will be contributing $10 million to the project that will be replacing the 92-year old Club Stand, while Racing Victoria and Tabcorp will be contributing an undisclosed amount.
Martin Pakula, Victorian racing minister, said that the government’s decision to contribute to the projected stemmed from the $388 million generated annually by the Melbourne Cup, as well as the 338 jobs that would be created for the construction project.
“The new Flemington grandstand will create hundreds of new jobs during the construction phase, and, once completed, it will ensure Victoria remains, one of the top racing destinations in the world,” announced Mr Pakula.
The new club would include prime views of the race track from the dining area, allowing spectators to remain with their food during the race. The Members’ Lawn will be increased in size.
Simon Love, chief executive of the Victorian Racing Club stated that the new grandstand would become “the best grandstand in Australia and among the best in the world.”
“We recognise that many people watch the races remotely at home or on their phone, so we need to dial up the experience and offer the same level of dining you’d get at the best restaurants in Melbourne.”
According to Mr Love, the new grandstand is a completely unrelated issue to the $54 million deal which fell through in March with Chinese developer Greenland for construction of 1,500 apartments on the adjacent plot.
March 30, 2017