Economic and Community Benefits
Economic and Community Benefits: An independent economic review estimates that the Cranbourne track redevelopment will generate a $34 million increase in total expenditure. And a $23 million rise in value-added impact over the next five years. This investment is expected to create additional jobs taking the total to 297 full-time equivalent (FTE) jobs in the City of Casey by 2030.
Employment Growth: During both construction and ongoing operations, the redevelopment will create jobs across construction, event management, hospitality, security, and track maintenance sectors. Many of these roles will draw on local talent, creating accessible pathways into the workforce for Casey residents.
Economic Activity: The racetrack will stimulate demand across various local sectors, including pet food suppliers, veterinary services, hospitality, and retail, further strengthening Cranbourne’s economic ecosystem. Situated within a high-growth corridor, the racetrack provides essential facilities for training, racing, and breeding, thereby boosting the local economy through heightened demand for pet food, veterinary care, accommodation, dining, retail, and related services.