$10 Million Federal Boost For Bathurst
A $10 million Federal funding boost for the Mount Panorama circuit was announced in last night's Federal Budget.

The Federal money will add to a $10 million grant already received from the New South Wales State Government and $4 million from circuit owners Bathurst City Council that will see the construction of a multi-purpose tourism and recreational facility at the site.

dailysportscar.comAs we know, work is well underway on stage 1, the construction of the pits and race control complex, which will also be developed as a conference and tourism attraction.

Bathurst Mayor Cr Kath Knowles said the funding is great news for Australia's 2.4 million motor racing fans and a major boost for regional Australia: Bathurst brings in around $100 million annually to the Australian economy.

"Council greatly appreciates the support of the Federal Government in recognising the value of this national icon to regional NSW and the national economy,” said Bathurst Mayor Cr. Kath Knowles.

"We can now get on with the job of creating a truly world-class tourism and recreational facility and ensure that Australia will not lose the major motor sport events that have made Mt Panorama, Bathurst a national sporting institution, to a more modern facility overseas.

"The Federal Government support will ensure the long term future of this iconic site is assured and enable Mount Panorama to reach its potential as a first class tourism destination that Council estimates will boost the amount of international visitor nights to the region from a current 75,000 to more than 100,000."

The (in total) $24 million upgrade will see:
· Completion of new pit complex with 36 larger modern pit bays, high-tech media centre, state-of-the-art new control tower, corporate hospitality areas to be used as a year-round conference facility.
· Provision of year-round tourism attractions including early stage work on drawcard tourist attraction at the top of the Mountain.
· Upgrading of spectator amenities and recreational/tourism facilities right around the circuit including new campsite areas.
· Promotion of broad ranging tourism and recreational plan.

Now we wait to hear more news regarding Bathurst 24 Hours prospects – but the Australians do get things done, as evidenced above.

 

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