The trust overseeing public space at Caulfield Racecourse is running out of money and is warning that public access to the land at the centre of the track could be limited if it does not get funding.
The Caulfield Racecourse Reserve Trust is calling for annual funding of $1 million a year and $2.96 million to cover additional one-off costs requiring urgent action, including the removal of unsafe legacy assets – including a horse pool – from the Melbourne Racing Club.
“The trust is solvent and meeting all its obligations, but cannot continue community access without committed funding,” he said. “Public access faces closure without immediate funding.” The trust claims the racing club generates “tens of millions of dollars” within the racecourse reserve each year through wagering commissions, sponsorships, ticketing, memberships, hospitality and gaming, including a gaming venue that operates 20 hours a day that generated over $9 million last year.“Anything less than the current rent would be a catastrophic outcome,” he said. “It just does not pass the pub test that the rental value would be going backwards.
Glen Eira Mayor Jim Magee said the MRC needed to pay more rent and that he was concerned that if the trust failed to raise more money, the local community would lose access to what is public land. Cutts said the trust needed to focus on preservation of the southern lake in the centre of the racecourse, which is listed as “sacrificial” on the plans for the racecourse reserve.
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.
Inside the legal battle that could cost the Murdochs $1.6bThis week in The Fin podcast senior writer Neil Chenoweth on the events leading up to the legal battle and what it means for the Murdoch media empire.
Read more »
‘We feed the world’: Ukrainian farmers warn of war’s global effectsVital food exports fall as fields become battle zones and Ukraine accuses Russia of sabotaging Black Sea grain corridor
Read more »
A Columbine survivor’s tragic battle to reveal the ‘ripple effect’ of gun violence: trauma, addiction, suicideWith 377 school shootings since Columbine, Americans are still reckoning with the real toll of these attacks
Read more »
Poor cousin of the Hass: Why the humble Shepard avocado is so overlookedEvery avocado season a battle arises between Australia's two most popular varieties — Hass and Shepard. The Hass always prevails … but why?
Read more »
‘Absurd situation’: Aboriginal teenager begs judge to allow adoptionAn 18-year-old Indigenous man has found himself in an “absurd situation” as he fights a legal battle in the NSW Supreme Court to be adopted by foster parents who have cared for him since he was two years old, according to Sky News host Cory Bernardi. While he was only seven when his Aboriginality was revealed, due to his foster parents being white the law states that, as a first preference, an Aboriginal child is to be adopted by someone in the Aboriginal community to which their birth parent belongs. In making a legal application to be adopted, the young man told the courts he feels like “no one is listening to me”. “Note the man said he'll identify with his culture as he pleases. Incredibly, in this age of identity politics, his cultural identity is being made for him,” Mr Bernardi said. “This is an absurd situation brought on by a bunch of do-gooders who have no idea about what is best for children.”
Read more »