By Tom Markey
The proposed Velocity Park has received a major boost with the Federal Government pledging $10 million to the project that is located on Mount Panorama. This funding is pushing the project closer to commencement, and follows on from State and local funding which currently stands at $25 million.
Upon completion, Velocity Park will become a major tourism drawcard for not only Bathurst, but the Central West as a whole. A second motorsport circuit on Mount Panorama will bring bigger and more diverse motorsports throughout the year, including car club rallies and motorbike racing.
Co-convener of Velocity Park, Lachlan Sullivan, believes that having a second world-class track in Bathurst will further boost the local tourism industry.
“The food, the restaurants, the cafes and the hotels are certainly going to benefit from a more regular contribution to motorsport in the area,” Mr Sullivan said.
“It’s not just for Bathurst, this proposal is really a regional proposal and I think that’s why the Federal Government has come on board.”
Roughly 220 jobs are likely to be created at Velocity Park, while many local businesses and services are expected to receive great opportunities. The new racetrack will run year-round, and likely accommodate 50,000 racegoers each year.
It is figures such as these that has NSW Deputy Premier John Barilaro so upbeat about the project and its potential for success.
“This is about tourism, it’s about jobs, it’s about the economy,” Mr Barilaro said.
“More importantly it’s about showcasing what is fantastic about regional NSW and places like Bathurst.”
A further $17.4 million is required to complete the project, with further funding from the State and local governments expected.