The Allan Labor Government is continuing to back Victoria's thriving racing industry with major investment in the redevelopment of Moonee Valley Racecourse - cementing the state as the racing capital of Australia.
Minister for Racing Anthony Carbines today announced a $5 million investment from funding from the Victorian Racing Industry Fund to turn Moonee Valley into a world-class racing and entertainment precinct.
The Moonee Valley Racing Club will invest more than $16 million towards the project as part of the club's $220 million redevelopment - which will create 200 jobs during construction.
The redevelopment will deliver a new grandstand and make the infield of the racetrack suitable for public use.
A new 27-metre-wide track will also be constructed with improved drainage, irrigation and turf for better safety and performance, while the track will be realigned 90 degrees - relocating the home straight and grandstand from Feehan Avenue to Victoria Street.
New horse stalls will be built to improve animal welfare, alongside a vet office, farrier room, wash bays, parade ring, swab and scope boxes as well as a new patron entry and viewing area.
Energy-efficient lighting and upgraded infrastructure will also improve broadcast quality and the viewing experience, while reducing power consumption.
The project complements the new Moonee Valley Park housing precinct development, which will deliver more than 2,000 new homes as well as open spaces and community facilities on the site of the existing grandstand.
Moonee Valley hosts 23 race meetings each year, including the iconic W.S. Cox Plate. The 2025 Cox Plate Carnival, held between 24-25 October, will be the final meeting before the racecourse closes for redevelopment.
This project builds on the Labor Government's investment of more than $7.2 million to support eight infrastructure projects and 33 thoroughbred racing events at Moonee Valley.
As stated by Minister for Racing Anthony Carbines
"We're investing in the infrastructure that will cement the Valley's future and our reputation as the racing capital of Australia - supporting trainers, jockeys, owners and fans."
"We will always back the racing industry which does so much for our state - generating $4.7 billion for the economy and supporting 35,000 full-time equivalent jobs."
As stated by Moonee Valley Racing Club Chair Adam Lennen
"The Victorian Government's support is a vital contribution to our bold vision for the future of The Valley - this funding helps us realise our vision of transforming The Valley into the premier night racing destination in the world."
