The immediate past chairman of the Australian Turf Club believes a $5 billion-plus deal to turn Rosehill Racecourse into a mini-city has little chance of succeeding, and says there is no financial reason members should agree to sell the track.
Matthew McGrath, who was ATC chair from 2018 to 2022, said if prominent trainers such as Gai Waterhouse and Chris Waller maintained their fierce opposition, the deal would struggle to pass. McGrath noted the ATC owned three parcels of surplus land, the King Street site at Canterbury, the bowling club and the old Rosehill “circus site”, that could be sold for hundreds of millions.“I don’t see the necessity of selling the racecourse,” he said. “I do not agree that there is a financial imposition here.”
“For $5 billion ... we can do things to secure the ATC and Sydney for the next 100 years,” he told Sky News in December. “I don’t support 25,000 dwellings on a 59 hectare site. It’s too many dwellings for the space,” she said. “This is not just about the impact on racing, this is about the impact on Parramatta.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former WA Liberal Party leader David Honey loses preselection battle for Cottesloe to Sandra BrewerThe property council chief wins the preselection battle for the Liberal heartland seat of Cottesloe, defeating former WA Liberal Party leader David Honey.
Source: abcnews - 🏆 5. / 83 Read more »
Former Army General Prabowo Subianto Leading in Indonesian Election PollsAmbitious and mercurial, with a dark past, former army general Prabowo Subianto has spent a lifetime vying for the ultimate prize in Indonesian politics. Now, with a large lead in the latest polls ahead of this week’s election, it looks as though the presidency is finally within his grasp. So, who is Prabowo and how will he change Indonesia if he wins?
Source: _TCglobal - 🏆 4. / 83 Read more »
Former detective suggests police know more about missing jogger Samantha MurphyA former Victoria Police homicide detective has shared his theory on why police have scaled back the search for missing jogger Samantha Murphy, saying it’s likely they know more about what happened than they’re letting on.
Source: 7NewsSydney - 🏆 16. / 63 Read more »
Former ABC Presenter's Case Raises Concerns about Free Speech and IndependenceFormer presenter Antoinette Lattouf alleges the ABC unlawfully terminated her contract due to pressure from pro-Israel lawyers. The Managing Director David Anderson faced tough questions at Senate estimates about this case. A vote of no confidence in the managing director was also held by over 100 staff members earlier this year.
Source: abc730 - 🏆 14. / 63 Read more »
Queensland Government to Relocate Fire Department to Former TAB BuildingThe Queensland government will turn an Albion landmark into the home of the new fire department. More than 500 staff from four sites will be relocated to the former TAB building, which is being redeveloped as part of the Hudson Common project.
Source: brisbanetimes - 🏆 13. / 67 Read more »
Former Ukrainian official returns to torture cells to expose Russian soldiers' depravityAnatoliy Tutov, a former member of the local self-government body in the Kharkiv region, returns to the cells where he was detained and tortured by Russian soldiers in Balakliia. He wants to shed light on the depravity of the Russian forces' actions during their occupation of the Ukrainian city.
Source: abc730 - 🏆 14. / 63 Read more »