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> Racecourse hits back at national newspaper claims
Andy Capp
post Oct 1 2013, 12:29 PM
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Despite having one of the best years for attendance, it seems the racecourse lost £2m last year. The land sold for housing will more than make up for that, but I wonder what will happen when the money from that has gone?

http://www.newburytoday.co.uk/2013/racecou...ewspaper-claims
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On the edge
post Oct 1 2013, 12:45 PM
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Must admit, I know little about racing, but hope story isn't true - otherwise Racecourse is selling the seed corn and as AndyC hints, that won't be good for us.


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dannyboy
post Oct 1 2013, 01:05 PM
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QUOTE (On the edge @ Oct 1 2013, 01:45 PM) *
Must admit, I know little about racing, but hope story isn't true - otherwise Racecourse is selling the seed corn and as AndyC hints, that won't be good for us.

It is one huge brownfield site......
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On the edge
post Oct 1 2013, 01:34 PM
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QUOTE (dannyboy @ Oct 1 2013, 02:05 PM) *
It is one huge brownfield site......


I suppose that's just it! Many, many more houses and reinforcing Newbury's fast developing status as simply a dormitory. The electric railway will terminate here, so we'll be the outer suburb. Great; can't wait!!!


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Richard Garvie
post Oct 2 2013, 06:11 PM
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I've said it for years, the owners of the racecourse are effectively stripping the site of it's assets, in this case the land that can be developed on the site. I doubt the council would ever approve for the whole site to be developed, but to try and prevent anything ever getting to that level, maybe a group of local government electors (21 needed) can apply to turn the site into an asset of community value?

Once the last house is sold, the racecourse will be on the market.
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blackdog
post Oct 2 2013, 06:26 PM
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QUOTE (Richard Garvie @ Oct 2 2013, 07:11 PM) *
I've said it for years, the owners of the racecourse are effectively stripping the site of it's assets, in this case the land that can be developed on the site. I doubt the council would ever approve for the whole site to be developed, but to try and prevent anything ever getting to that level, maybe a group of local government electors (21 needed) can apply to turn the site into an asset of community value?

Once the last house is sold, the racecourse will be on the market.


Racing is dying - it only really exists to provide something for the punters to bet on and that need is more than satisfied by the many online betting sites. Why spend a fortune keeping and training a nag when you can get the same interest in the virtual spin of a roulette wheel?
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dannyboy
post Oct 2 2013, 06:33 PM
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QUOTE (Richard Garvie @ Oct 2 2013, 07:11 PM) *
I've said it for years, the owners of the racecourse are effectively stripping the site of it's assets, in this case the land that can be developed on the site. I doubt the council would ever approve for the whole site to be developed, but to try and prevent anything ever getting to that level, maybe a group of local government electors (21 needed) can apply to turn the site into an asset of community value?

Once the last house is sold, the racecourse will be on the market.

Can we quote you on all that?
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spartacus
post Oct 2 2013, 08:34 PM
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Racecourses are going the same way that High Street shops are, with their (failing) competition with online retail. They can't compete with BetFred and the 1000s of other online betting sites you can participate in from your living room, without having to get dressed up and end up getting into a scrap with a bus load of Cardiff boys on a stag do..... rolleyes.gif wink.gif .

Racecourses are becoming more of a very expensive luxury and people are being more choosy where they spend their leisure time. They don't have some God Given right to continue to exist in perpetuity....

So in future if the actual horse racing that punters bet on is a televised event from Shanghai rather than from Newbury with Claire Balding getting her face on-screen, then it's 'win-win'
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dannyboy
post Oct 2 2013, 08:45 PM
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I wonder what the Racecourse provides to the local economy by way of income......
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Andy Capp
post Oct 2 2013, 08:56 PM
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QUOTE (dannyboy @ Oct 2 2013, 09:45 PM) *
I wonder what the Racecourse provides to the local economy by way of income......

I doubt it is as much as it used to be.
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Strafin
post Oct 2 2013, 09:40 PM
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They have put on some pretty good concerts though!
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blackdog
post Oct 2 2013, 10:34 PM
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QUOTE (spartacus @ Oct 2 2013, 09:34 PM) *
So in future if the actual horse racing that punters bet on is a televised event from Shanghai rather than from Newbury with Claire Balding getting her face on-screen, then it's 'win-win'

Not much of a win round here - hundreds (thousands?) of jobs down the toilet.
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Andy Capp
post Oct 2 2013, 11:00 PM
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QUOTE (blackdog @ Oct 2 2013, 11:34 PM) *
Not much of a win round here - hundreds (thousands?) of jobs down the toilet.

Look on the bright side: there 'll be plenty of jobs for EU immigrants building the new houses in its place!
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Biker1
post Oct 3 2013, 08:49 AM
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QUOTE (On the edge @ Oct 1 2013, 02:34 PM) *
I suppose that's just it! Many, many more houses and reinforcing Newbury's fast developing status as simply a dormitory. The electric railway will terminate here, so we'll be the outer suburb. Great; can't wait!!!

If folks can afford the fares by then! tongue.gif
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blackdog
post Oct 6 2013, 09:10 AM
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QUOTE (Andy Capp @ Oct 3 2013, 12:00 AM) *
Look on the bright side: there 'll be plenty of jobs for EU immigrants building the new houses in its place!

There is an interesting point here - the loss of the racecourse will result in another 3,000 houses or thereabouts (assuming similar building density to the current housing project). How many jobs would they provide - not in the building but long term jobs. Jobs in house maintenance, meter reading, refuse collection, road maintenance, welfare and social services, rent collection, shops, etc, etc.

In terms of local employment they might actually provide more work than the racecourse.
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Cognosco
post Oct 6 2013, 11:40 AM
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QUOTE (blackdog @ Oct 6 2013, 10:10 AM) *
There is an interesting point here - the loss of the racecourse will result in another 3,000 houses or thereabouts (assuming similar building density to the current housing project). How many jobs would they provide - not in the building but long term jobs. Jobs in house maintenance, meter reading, refuse collection, road maintenance, welfare and social services, rent collection, shops, etc, etc.

In terms of local employment they might actually provide more work than the racecourse.


Not to mention the fun in trying to get in and out of there on a daily basis, unless you are walking or cycling of course! rolleyes.gif


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On the edge
post Oct 6 2013, 12:59 PM
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QUOTE (blackdog @ Oct 6 2013, 10:10 AM) *
There is an interesting point here - the loss of the racecourse will result in another 3,000 houses or thereabouts (assuming similar building density to the current housing project). How many jobs would they provide - not in the building but long term jobs. Jobs in house maintenance, meter reading, refuse collection, road maintenance, welfare and social services, rent collection, shops, etc, etc.

In terms of local employment they might actually provide more work than the racecourse.


Doffs cap in appreciation. 'Can I leave my bike whilst I do yer garden kind sir'.


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blackdog
post Oct 6 2013, 04:20 PM
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QUOTE (Cognosco @ Oct 6 2013, 12:40 PM) *
Not to mention the fun in trying to get in and out of there on a daily basis, unless you are walking or cycling of course! rolleyes.gif

Given that the chances of significant improvements to the local road system are pretty remote the massive increase in housing will be accompanied by slower journey times everywhere.

That said another 3,000 houses on the racecourse would justify a new road up to Bury's Bank which would help a bit - and open up yet more land for housing ...

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dannyboy
post Oct 6 2013, 04:25 PM
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QUOTE (blackdog @ Oct 6 2013, 05:20 PM) *
Given that the chances of significant improvements to the local road system are pretty remote the massive increase in housing will be accompanied by slower journey times everywhere.

That said another 3,000 houses on the racecourse would justify a new road up to Bury's Bank which would help a bit - and open up yet more land for housing ...

Should the Racecourse ever actually come up for sale, chances are some Middle Eastern royal will snap it up with their loose change........
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Andy Capp
post Oct 6 2013, 05:00 PM
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QUOTE (blackdog @ Oct 6 2013, 05:20 PM) *
Given that the chances of significant improvements to the local road system are pretty remote the massive increase in housing will be accompanied by slower journey times everywhere.

Judging by the traffic over the weekend, it will be interesting in the Greenham area the next time they resurface the link road when the Racecourse and Sandleford developments are fully populated!!
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