Minns announced the bold plan – taken to the government as an unsolicited proposal by the ATC – in December,describing it as a “once in a generation” opportunity for NSW.
In what was billed as the long-awaited plan to tackle Sydney’s housing crisis,the racecourse would be shifted to another upgraded racecourse,with the ATC expecting to raise $5 billion from the development to invest in racing,training,and member and spectator facilities at all of its venues.
The premier on Wednesday told budget estimates he was “hopeful” that the government could progress negotiations with the ATC,but conceded “irreconcilable differences” could stop the ambitious plans for Rosehill.
Minns said the government “had to be comfortable with the proposal”.
“There may well be,as part of the negotiations between ATC and the government,irreconcilable differences particularly in relation to the disposal of property,the size of the rezoning or the density of housing,how much open space is available,what the links are and contact with the metro line,” Minns said.
“There may be a dealbreaker for one or both of those sides,but in fairness to the government,we made that clear when the announcement was made.”