$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.
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.
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
· 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.