The planned redevelopment of the Moonee Valley Racecourse has moved a step forward following the rezoning of the site by Victorian Planning Minister Matthew Guy.
The rezoning of the site to a Comprehensive Development Zone paves the way for a transformation of the historic site into a mix of racing, residential and retail uses.
“The Moonee Valley site is one of the most important and sensitive for urban renewal anywhere in Melbourne, so a long community consultation process has been extremely important,” Mr Guy said.
“With up to 2,000 dwellings planned for the site, as well as a significant portion of open space and the protection of heritage buildings, Moonee Valley has the potential to become a unique urban renewal project.
“The Moonee Valley Racecourse redevelopment proposal has undergone one of the most comprehensive planning reviews in recent history including Moonee Valley Racing Club consultation, a council-run public consultation process, and an independent Advisory Committee which conducted lengthy public hearings.”
As part of the planned redevelopment, the racecourse facility is to be modernised including realignment of the existing track, consolidation of race day operations and the construction of a new grandstand on Wilson Street.
The requirement for development contributions of $6,000 per dwelling to the Moonee Valley City Council, 7,000 square metres of new open space and a multi-purpose community facility including community meeting rooms, maternal and child health rooms and a kindergarten are all part of the rezoning conditions.
“This is an excellent opportunity to redevelop the site in a manner that includes best practice urban renewal and celebrates the historic legacy of one of Australia’s iconic racecourses," Mr Guy said.
“A 5,000 square metre local park will be built on McPherson Street for neighbouring residents as well as large public open space around the site."Most of the racecourse will be covered by a Heritage Overlay that will recognise the location’s heritage features; the main gates and wall, main tote, significant trees, horse stalls, and the secretary’s house and garden.
Conditions are in place to allow heritage features to be integrated with the final design.
Moonee Valley Amendments C124 and C120 will be gazetted shortly.