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Gosford Announces Multi-Million Dollar Redevelopment
Gosford Racing Club has announced a $4.3 million major development of its racecourse facilities, reports racingnetwork.com. "The Club realises the importance of offering a premium experience for patrons who attend events at Gosford and we are in a position to fund these upgrades with no assistance from Racing NSW which I am confident will be well received and lead to greater raceday and non raceday attendances," said chairman Michael Cusick. "We recognise that racecourse facilities must keep pace with a discerning customer, and over the past four years the Gosford Race Club has worked closely with Robertson & Marks Architects to finalise a plan that achieves our Strategic Objective of becoming a multipurpose community entertainment facility, maximising our non-raceday revenue opportunities." The redevelopment will commence next Monday and is expected to be completed by mid-October. "We have done all the hard yards and made all the tough decisions over the past few years to ensure our business is profitable," Mr Cusick added. "We are fortunate that through long term astute management our Club has substantial cash and asset holdings, and we will work hard to further develop and maximise the income derived from these assets."