The Andrews Labor Government today announced a $10 million funding boost for a new world-class grandstand at the Flemington racecourse, as part of this year’s Melbourne Cup Carnival launch.
The $135 million project will generate major economic benefits for Victoria and is expected to create 350 jobs during construction, including up to 50 apprenticeship opportunities.
The new grandstand will provide racegoers with state-of-the-art facilities to ensure Flemington maintains its status as Victoria’s premier racecourse and one of the world’s top sporting venues.
Construction on the new grandstand will start later this year and is expected to be finished in time for the 2018 Melbourne Cup Carnival.
The five-level grandstand will offer 360-degree views and will draw inspiration from Flemington’s garden setting by incorporating shapes of flowers and petals throughout the building.
The Victorian Racing Club and its funding partners are contributing $125 million to the grandstand. It will replace the existing Members’ Old Grandstand which will be demolished to make way for the new structure.
The 2016 Melbourne Cup Carnival – including Derby Day, Melbourne Cup, Oaks Day and Stakes Day – will see an estimated $32 million spent on accommodation, $20 million on food and beverages, and $42 million on fashion.
Last year, the Melbourne Cup Carnival generated almost $388 million in economic benefits for Victoria, with more than 326,000 people attending the four race meetings, including more than 122,000 visitors from overseas and interstate.
Quotes attributable to Minister for Racing Martin Pakula
“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.”
“Today also marks the launch of the Melbourne Cup Carnival which continues to attract thousands of interstate and international visitors to Victoria each year.”
Quotes attributable to Victoria Racing Club Chairman Michael Burn
“We are grateful to the Victorian Government for its generous support, which will enable us to provide racegoers with unparalleled facilities to enjoy racing at our iconic course.”
“The new grandstand will help us to celebrate the history and character of this wonderful racecourse for generations to come.”
Reviewed 19 August 2020