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Pakenham Course Sold To Superannuation Trust
Pakenham Racing Club's plan for a new racecourse at Tynong "will proceed after it was announced yesterday the existing course had been sold to Industry Superannuation Trust" reported The Herald-Sun. PRC chairman Don Duffy said the sale "would provide funds for the 1st stage of the Tynong project". The Pakenham racetrack had been on the market for almost 2 years. Duffy said work "would start in July with the club to vacate Pakenham in early 2014". Racing is planned to start at Tynong by the end of the same year.