Bathurst Regional Council has confirmed it has secured the land it needs for the construction of its planned second circuit.
The council has exchanged contracts on a 32 hectare parcel of land off College Road, which runs parallel to the eastern side of Conrod straight.
No figure was given for the price of the land though some have suggested it to cost in the region of $4.5million.
Bathurst Regional Council now controls a total of 85 hectares to the east of the Mount Panorama circuit, with plans to construction an additional loop on the land.
The project is expected to cost $50million with planning set to commence next month once council signs off budget for the first stage of the development.
The New South Wales State Government invested $5million into the project last financial year, with Bathurst Regional Council chipping in around $1million.
That leaves a $9million hole for the projects first phase which will come from a mixture of State and Federal Government grants.
However there is no rush on completion of the second circuit, with Bathurst Mayor Gary Rush telling the Western Advocate that the development’s master plan stretches over the next two decades.
Meanwhile in Nowra a meeting of the Joint Regional Planning Panel will today decide the fate of the Nowra Motorsport Complex.
It’s planned for the circuit to cater to both motorcycle and car racing with facilities somewhere between the state’s two existing facilities at Sydney Motorsport Park and Wakefield Park.
Proposed by Motorcycling NSW and privately funded, should the circuit be approved it’s hoped basic facilities could be ready for competition in just 18 months.
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