Belmont to become a state sporting complex

TheFunkster · January 2011

Personally I think the new footy stadium should be at Burswood and PR just need to get the Belmont Redevelopment off the ground.
With Belmont, State Tennis Centre, new football stadium and the cas all in the precinct, racing could feed off other events being held.

sniper · January 2011

Never been and never will, once a whole always a whole!

Tivers · January 2011

Build the stadium at Burswood.
Keep the track, but sell off a lot of the land around it for other sporting venues, hotels (both accom and entertainment) and create a Melbourne Park style, all in one sporting precinct.
Include a walkway over the river in to the City / Northbridge even, like the one from the MCG.

PR retains the track and a reduced parcel of land around it on which to build a compact but comfortable "clubhouse".
Everyone wins, and racing and other sports (and venues) will feed off each other.

rot8in · January 2011

i cant help think of old Tete....bet he would love to be having his say right about now......lot of what he said along while back has come to light :o :o

jesteress · January 2011

Adelaide is a recent example of a situation like this when they sold Cheltenham. With the $'s they put an extra inside track at Morpehtville and totally rubbed ot Gawler and built it new as another back up city track. Stake money in Adelaide will soon be higher than Perth and one would argue the competition might be a fraction less.

if the offer is real and the price is right i would palm it, make long term economic sense to sell. Do up Ascot and Lark Hill, and Bunbury (including the All Weather track there) + lights somehere

Unknown · January 2011

said:

if the offer is real and the price is right i would palm it, make long term economic sense to sell. Do up Ascot and Lark Hill, and Bunbury (including the All Weather track there) + lights somehere

Not sure Perth Racing would be spending money on Bunbury

Tivers · January 2011

Or Lark Hill

goose · January 2011

Never sell sounds like some English landowner racing is now a minority sport and wil be for the next 25 years doesn't need 2 inner city tracks need new funding to survive long term

sniper · January 2011

Yes good old Tete, a true legend. His prophecies are all coming to light and yet PR tried to stop him from telling the truth, knew more than the lot put together, we want you back Tete, you have racing at heart and need to be on teh Committee!

Rhino · January 2011

said:
Yes good old Tete, a true legend. His prophecies are all coming to light and yet PR tried to stop him from telling the truth, knew more than the lot put together, we want you back Tete, you have racing at heart and need to be on teh Committee!

Damien is still alive and kicking doing some work in the industry and can found on facebook at http://www.facebook.com/#!/pages/Damien-Wyer-Racing-Bloodstock/109650695766611 im sure he will be more then happy to chat to any1 who is keen

Freddie · January 2011

So will there be winter racing in Perth whilst this new venue is being built?
I'm not holding my breath though , i think the stubborn members will vote this one down.

Hitman · January 2011

said:
Yes good old Tete, a true legend. His prophecies are all coming to light and yet PR tried to stop him from telling the truth, knew more than the lot put together, we want you back Tete, you have racing at heart and need to be on teh Committee!

Spot on. Copped lots of flack,but is being proven correct :crying:

Darrah · January 2011

Taking some cracking photos lately too which I've had the pleasure of viewing :D

Amyquil · January 2011

I'm certainly no expert on real estate or development but it seems to me that if the stadium isn't going to be at Belmont then the best idea would be for PR to keep trying to develop the site.

My uneducated guess is that once partly developed the rest of that land becomes even more valuable.

Then there is the choice to stay racing; develop the rest; or sell the lot.

Perhaps someone with experience could inform of that but it seems logical to me that once some projects are finished the site will be more attractive.

westozzy · January 2011

I fail to see how sums of money to the tune or around 400 million dollars are are being pushed around for the sale of the Belmont Race Course and its surrounding property as a reason to service the interest payment on a 15 million dollar debt. The annual interest evidently is one million dollars and thats due. Am I to believe that PR is so badly run that it cannot factor into its annual budget the neccesary funds to cover the interest on that debt. In todays corporate world 15 million is a spit in the ocean and if PR cannot manage an asset thats worth nearly 400 million dollars then they should bring in someone that can. When Colin Barnett gets involved in anything theres is always chaos, like is mess up in the kimberly. If PR cant see the potencial and the value of holding on to Belmont and making moves to develope the place then it looks to me that they are seeking the easy option of grab the cash and run. Easy to say have a greenfield site down south but that wont happen overnight and it would be hard pressed to match the quality of the Belmont Park Racetrack in winter. Theres a zillion ways to market racing in this state to draw in money but it will not happen under the present regime. The money offered by Barnett or whoever is a carrot for the lazy, I agree with Mr Parnham you can use assets to your avantage and selling them isnt one of them....So hands off.

TheDiva · January 2011

$15mill does seem a drop in the ocean compared to the asset value of $400mill. So why hasnt a partial sale been considered.
Every time I drive past, I see cars parked in the lot and generators and lights set up for temporary parking.
The burswood obviously has issues with parking. Maybe they would be interested in a parcel of the land to build a multi storey car park to ease the congestion at Burswood. As part of the deal, they could negotiate free parking on race and sale days for their patrons.
Maybe a deal could be done with the WACA and WATA to use the car park on game days with shuttles in between?

darkshines · February 2011

said:

said:
Yes good old Tete, a true legend. His prophecies are all coming to light and yet PR tried to stop him from telling the truth, knew more than the lot put together, we want you back Tete, you have racing at heart and need to be on teh Committee!
Spot on. Copped lots of flack,but is being proven correct :crying:

I think he copped lots of flak because of the way he delivered his message, rather than the message actually being delivered . . . .

Unknown · February 2011

I still have the original document - not sure how everyone reckons tete was accurate but anyway lets move on

wotsup · February 2011

said:
$15mill does seem a drop in the ocean compared to the asset value of $400mill. So why hasnt a partial sale been considered.
Every time I drive past, I see cars parked in the lot and generators and lights set up for temporary parking.
The burswood obviously has issues with parking. Maybe they would be interested in a parcel of the land to build a multi storey car park to ease the congestion at Burswood. As part of the deal, they could negotiate free parking on race and sale days for their patrons.
Maybe a deal could be done with the WACA and WATA to use the car park on game days with shuttles in between?

Good idea. However if vacant Belmont land sold, you have new business/residendial parking etc problems RESIDENTS have with SUBI. Closing area so no horse/car problems such as at ASCOT and Perth Racing building multi storey parking well. '' It ain't gonna happen. " Crowding more business/residential into area brings traffic and smells into the mix. ASCOT/SUBI problems again. IMHO it is time for RACING to leave protective arms of Mother City and leave the Nest. Perhaps if Government wants BELMONT PARK as part of the deal they might be willing to have decent PUBLIC TRANSPORT arranged for new RACING COMPLEX out of the City area. There could be other matters to settle but at least the BIG PICTURE should be taken into account.

TheFunkster · February 2011

I reckon this has next to no chance of happening.
The land accross the road is already government owned and in an as good if not better location.
So why would they want to fork out $400m buying land in an almost identical location. This government has a history of being frugal with spending money on this new stadium, so why would they want to spend $400m unnecessarily? :roll:

Better off PR talking to the government about some tax relief or government funding or a (low interest) loan to develop Belmont Park themselves.

wotsup · February 2011

said:
I reckon this has next to no chance of happening.
The land accross the road is already government owned and in an as good if not better location.
So why would they want to fork out $400m buying land in an almost identical location. This government has a history of being frugal with spending money on this new stadium, so why would they want to spend $400m unnecessarily? :roll:

Better off PR talking to the government about some tax relief or government funding or a (low interest) loan to develop Belmont Park themselves.

Not sure Governments of any ilk are going to loan money to those in debt. Speaking only toward Government MAYBE wanting BELMONT for a stadium. I lived in 1950's where many housing blocks had been sold by estate salesmen ( legal and proper ) of course. As hundreds of blocks were close to City area Government wanted to create very large PUBLIC HOUSING estates. Block owners were offered what was considered Market value and were told land was going to be aquired by Government. Law was put into place for land to be PUBLIC HOUSING for close by industrial workers. My parents were one of those who had to pull up stakes and move, as did hundreds of others. Don't know if same things can be done today, but that is in the wind perhaps. SOMETIMES the few suffer a little pain for the sake of PROGRESS.The Government who wanted those blocks was not a West Australian one.

Unknown · February 2011

Copied from the trainers meeting post

This has to a joke,
Narrogin Incident: Meeting advised that a horse trained by J Busslinger had flipped over in the barrier at the Narrogin meeting and had then been examined by a vet and allowed to start. The trainer was subsequently charged $30 for the vet inspection. The matter to be investigated.

just amazing :oops:

And they are losing money?

rot8in · February 2011

said:

said:

said:
Yes good old Tete, a true legend. His prophecies are all coming to light and yet PR tried to stop him from telling the truth, knew more than the lot put together, we want you back Tete, you have racing at heart and need to be on teh Committee!
Spot on. Copped lots of flack,but is being proven correct :crying:
I think he copped lots of flak because of the way he delivered his message, rather than the message actually being delivered . . . .

smooth as sandpaper you reckon darkshines...delivery probably not his strongest trait i agree...he was however straight to the point and unlike some he does trully have perth racings future at heart....they tried to put a muzzle on him....welldone to him for trying to bring light to the issues along time ago....

If della or Chris ever lift his ban from this site...be nice to hear his thoughts

goose · February 2011

Perth racing couldn't successfully develop 2 acres at ascot let alone belmont in the current market which is likely to be around for a few years .all sorts of problems finance etc too big a risk for the club what with 2000 members.
developers haven't rushed in to take it on think it is a good time to move on instead of just hanging on for the location . It is a race track most of the people who use it are at home.

TheFunkster · February 2011

said:
Copied from the trainers meeting post

This has to a joke,
Narrogin Incident: Meeting advised that a horse trained by J Busslinger had flipped over in the barrier at the Narrogin meeting and had then been examined by a vet and allowed to start. The trainer was subsequently charged $30 for the vet inspection. The matter to be investigated.

just amazing :oops:

And they are losing money?

Hmm....if I get charged for the oncourse farrier taking 4 goes to put 1 nail in a loose shoe then look out.

TheFunkster · February 2011

said:
Perth racing couldn't successfully develop 2 acres at ascot let alone belmont in the current market which is likely to be around for a few years .all sorts of problems finance etc too big a risk for the club what with 2000 members.
developers haven't rushed in to take it on think it is a good time to move on instead of just hanging on for the location . It is a race track most of the people who use it are at home.

Hang on yes, but the economic climate will be a lot different in 1-2 years time. If it's worth $400m now, it will be worth $500m then.
Yet we have sold it off to service a $1m annual debt repayment. :roll:

What's that saying about chopping of your nose.....

Tivers · February 2011

said:
Build the stadium at Burswood.
Keep the track, but sell off a lot of the land around it for other sporting venues, hotels (both accom and entertainment) and create a Melbourne Park style, all in one sporting precinct.
Include a walkway over the river in to the City / Northbridge even, like the one from the MCG.

PR retains the track and a reduced parcel of land around it on which to build a compact but comfortable "clubhouse".
Everyone wins, and racing and other sports (and venues) will feed off each other.

rot8in · February 2011

said:

said:
Build the stadium at Burswood.
Keep the track, but sell off a lot of the land around it for other sporting venues, hotels (both accom and entertainment) and create a Melbourne Park style, all in one sporting precinct.
Include a walkway over the river in to the City / Northbridge even, like the one from the MCG.

PR retains the track and a reduced parcel of land around it on which to build a compact but comfortable "clubhouse".
Everyone wins, and racing and other sports (and venues) will feed off each other.

appeals to me...and then give us wednesday night racing :lol: :lol:

onya · February 2011

said:
Perth racing couldn't successfully develop 2 acres at ascot let alone belmont in the current market which is likely to be around for a few years .all sorts of problems finance etc too big a risk for the club what with 2000 members.
developers haven't rushed in to take it on think it is a good time to move on instead of just hanging on for the location . It is a race track most of the people who use it are at home.

From some postings here I read Belmont grandstand needs to be renovated. Another minus perhaps to be fixed.

westozzy · February 2011

nteresting to read in the west australian the day after the acclain that Mr Parnham as tops in everything which I dont doubt he probably is, the west digs up the racing industry "EXPERTS" and if they are best we have then god help us after their comments and reccomendations. But lets study the reality of it all. 400 million presumably is the purchase price on offer from dear Colin plus a chunk of land that he nominmates as a gift. Can you imagine the costs involved in building a race course to the standard and above of Belmont Park as a new winter track. Im sure theyll owe more than 15 million at the finish of it and youll all be back in square one plus a longer distance to travel. Barnett talks like everything gets built with LEGO where in reality nothing he has organised as ever got off the ground. Theres been talk of a stadium since JC wore shorts and there still isnt one. PR should hang on to Belmont Park until everything is above board and underwritten so the government fund the cost of building the new track then offset the sale of Belmont Park at the market price at the time.....Not now or in the near future. Thats my opinion such as it is.

G'day Punter!

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