$2 billion Moonee Valley development plans unveiled

Dubbed “The Vision for the Valley”, an ambitious $2 billion redevelopment of Moonee Valley, taking up to 15 years to complete. Plans would see the development of a world-leading racing facility flanked by residential and business precincts.

Current plans are for the bold ​grandstand ​redevelopment to start after the 2020 Cox Plate, the centenary of the world’s equal-highest rated turf race.

Plans include:

• Construction of a futuristic grandstand along the site’s northern boundary, with views to city skyline
• Release of 9ha on the site of the present grandstand to joint venture partners Hostplus and Hamton for residential development
• Track reconfiguration, resurfacing & extension
• Relocation of the stabling area to the infield, part of which would be transformed into sporting and entertainment areas.

Under the plans, construction of the first townhouse would start in 2018-19. About 2000 residential dwellings will be built, comprising townhouses and apartment buildings. The balance of the mixed-use project will consist of retail and entertainment facilities, commercial office space and community and wellbeing spaces.

The racetrack infield will be used for outdoor events run by the club and also sport and recreation. Discussions will continue with local council and the state government to determine the final mix of uses.