Sydney's Rosehill Gardens racecourse, which opened nearly 140 years ago, might be nearing its end as the NSW government looks for solutions to the dire housing problem facing the region.

The racetrack, which opened in 1885, would be relocated to make room for up to 25,000 new residences surrounded by green space and a new Sydney Metro West station, according to an unsolicited proposal from the Australian Turf Club (ATC).

The ATC would retain and develop the Rosehill Gardens site.

The two parties have now signed a memorandum of understanding for the proposal, which includes:

The ATC retains and develops the Rosehill Gardens site for housing (potentially 25,000 homes), entertainment, green space, and a new school.
The NSW government explores the feasibility of a new metro station at Rosehill to deliver public transport for the new Rosehill Gardens community.
A centre of excellence horse training facility at Horsley Park to accommodate the relocation of 300 to 400 horses from Rosehill Gardens stables.
Warwick Farm redeveloped as a state-of-the-art racing, training, member, and spectator facility.
Several sites across Sydney investigated for a new, world-class racecourse track and facilities.
Funds from the development invested in racing, training and member and spectator facilities at all racing, training, and stabling venues.

To ensure their survival, racing clubs have directed development efforts on numerous racecourses throughout Australia.

According to the administration, there is a decline in building approvals and construction activity, the state is seeing the lowest rates of rental vacancies, and housing affordability and availability are at their lowest points in decades.

They believe that this will significantly enhance supply, whether it be for homebuyers or renters, and lessen the strain on cost of living.

The project is scheduled to be finished by 2032 and will now follow a "more sustainable timeline" because of the change.

In order to do this, the government of NSW has instructed Sydney Metro to finish scoping studies for a maximum of two more stations that could be built along the current planned route west of Sydney Olympic Park. The selection will be decided based on the stations' potential to encourage the construction of more urban infill dwellings.

https://www.theurbandeveloper.com/articles/nsw-rosehill-racecourse-housing-metro-west

*WRITTEN BY JAYDEN AYOUB | COMMERCIAL SALES & LEASING

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