The Victorian government has allocated $1.7 million in its 2022/2023 budget to undertake design, master planning and site due diligence for the proposed home of Victorian motorsport.
The proposed circuit shapes as the long-term replacement for Sandown, which continues to face an uncertain future with the likelihood it will be closed and become a housing development.
“We have been working closely with the Victorian government around discussions for a new motorsport venue in the state, which we know is sorely needed,” said Motorsport Australia CEO Eugene Arocca.
“This funding announcement is a terrific show of support from the Andrews government who like us, can see the need for more facilities as motorsport’s popularity continues to grow.
“The funding will allow the Victorian government and Motorsport Australia to conduct preliminary work into finding a location for a Victorian home of motorsport and allow more people to enjoy more motorsport more often.”
All locations are being considered for the circuit, as well as the size and scope of the venue.
“This is early days in the project, but as many people would know, you need to put in the hard work now for the benefit of the sport into the future,” added Arocca.
“This support from the Victorian government is in addition to the many funding programs they have initiated with us, benefiting Motorsport Australia affiliated clubs and venues, so we are very grateful that they see the benefit motorsport delivers to the state.
“Our recent Ernst & Young research highlighted motorsport’s strong contribution to the state’s economy, with motorsport contributing 4,400 direct jobs in Victoria, as well as more than $800 million of gross output every year. This new venue will only see that grow in the years ahead.”