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10 Aug 2022, 21:29 (Ref:4122465) | #101 | ||
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If they have decided it’s uneconomic for them to run it then I can’t see how it would be an attractive proposition for someone else to come along and sink money into it.
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10 Aug 2022, 21:45 (Ref:4122468) | #102 | |||
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However, I also heard that the 500 BAC members aren't likely to be interested in selling... Someone fresh? With that legal precedent hanging over the facility? Marulan is going ahead in leaps and bounds...so it may fill some of the void if WP goes... The big losers will be the Motorsport community and of course, the Goulburn region... |
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10 Aug 2022, 23:56 (Ref:4122476) | #103 | ||
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Thanks for the follow-up Mick. Yes, I understand, but something needs to happen, and the circuit is really the only one with flexibility (and pressures) in the short term.
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11 Aug 2022, 02:41 (Ref:4122488) | #104 | |
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So who is saying that it will be sold if the members aren't in favour? The capital loss would not be a pleasant pill to swallow at all unless someone comes up with a commercial use for it. The more important question might be what the 500 members would do with it instead. It appears that the fat lady has yet to sing.
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11 Aug 2022, 08:24 (Ref:4122501) | #105 | ||
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11 Aug 2022, 08:55 (Ref:4122506) | #106 | |||
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Quote:
It might be in the same boat, if it is operating outside its DA conditions, which seems unlikely given the recent investment which presumably required a DA. I have heard they were getting complaints, and I also heard they had bought out one or more neighbouring properties, can't vouch for the accuracy of those stories though. |
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11 Aug 2022, 09:26 (Ref:4122507) | #107 | |||
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https://www.realestate.com.au/buy/in...on,+act/list-1 I have heard that Canberrans are opting for a "tree change" and commuting from Glbn to Cbra etc Tirrannaville has a Primary School and is about 10 minutes from the Glbn CBD...so anyone who thinks the Wakefield Park land is "worthless" should maybe think again... https://www.realestate.com.au/buy/in...sw+2580/list-1 |
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11 Aug 2022, 09:33 (Ref:4122509) | #108 | |||
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Read up on Pheasant Woods development...there is even a possibility of a 12 Km enduro track ("the Nordschleife of the Southern Highlands/Tablelands!")... https://pheasantwood.com.au/ |
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The good old days sure seem like a long time ago!! |
11 Aug 2022, 11:12 (Ref:4122522) | #109 | ||
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14 Aug 2022, 23:06 (Ref:4122814) | #110 | ||
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A development: https://www.speedcafe.com/2022/08/14...akefield-park/
The article also more or less confirms the shutdown of the circuit at the end of the month. The 'Special Activation Precinct' looks promising, but the devil would be in the detail. It would not happen overnight either, do the circuit shutdown will not be soon lifted. It also begs the question of whether the council is behind the support for the circuit, or is it just the mayor and a few councillors, this will only be tested by a vote of some sort. |
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15 Aug 2022, 01:05 (Ref:4122818) | #111 | |
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Welcome to Wakefield Park Housing Estate, a lovely rural setting on the outskirts of Goulburn.
We have land now available in Holden Drive, Falcon Close, Porsche View, Datsun Place, Honda Avenue and Nissan Parade. |
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15 Aug 2022, 01:42 (Ref:4122822) | #112 | |||
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Not likely this century. Housing redevelopment would require high density (minimum detached housing), and that land is too far out of town. It is basically featureless plain, and doesn't lend itself to premium small acreage lots either. |
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15 Aug 2022, 14:00 (Ref:4122861) | #113 | |
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Call me cynical but it sounds like someone has been doing a lot of political lobbying to give the place some sort of special status to lift the selling price and it almost sounds like BAC have admitted defeat but if they can get a rezoning through then it might be worth more and let the buyer deal with the local issues. I can't see the NSW government getting involved because they have enough problems and the next election is less than 12 months away, Pelican Sheep Station might be interested because the sheds could be useful. It looks like there are going to be a lot of cheap race cars up for sale.
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16 Aug 2022, 04:57 (Ref:4122918) | #114 | ||
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Rezoning the area away from rural use to accommodate Wakefield Park seems highly unlikely IMHO.
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16 Aug 2022, 05:36 (Ref:4122919) | #115 | |||
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However, it could be rezoned into another category which might be more conducive to higher noise levels than RU1 and its ilk, however this is opening a Pandora's box. In addition, the planners don't like rezoning single/small holdings, and there would currently be no complementary or similar activities in the vicinity of WP to warrant a larger area being rezoned. |
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19 Aug 2022, 08:32 (Ref:4123154) | #116 | ||
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19 Aug 2022, 10:37 (Ref:4123164) | #117 | |
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“At this point in time there is no immediate solution to the problems brought on us by the Land and Environmental Court, there is nothing more we can do legally.
Err, excuse me who how come it is all of a sudden a problem brought on by the L&E court? it is about time that BAC stood up and accepted it is they who caused the problems and no one else. all the court did was point out the obvious fact the the operation was violating the regulation in place that defined its operation. Thanks for screwing motor sport in NSW BAC you have done an excellent job. |
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19 Aug 2022, 12:13 (Ref:4123181) | #118 | |||
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Quote:
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19 Aug 2022, 12:31 (Ref:4123184) | #119 | ||
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We got ourselves into this mess, now we need somebody to rescue us ...
I wonder what their balance sheet looks like, particularly debt. Mothballing WP will cut their costs somewhat, but with no income there they will be dependent on Winton to keep the bailiffs at bay. |
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19 Aug 2022, 15:16 (Ref:4123204) | #120 | ||
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19 Aug 2022, 23:19 (Ref:4123230) | #121 | ||
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It's an interesting situation.
WP is a management disaster, but Winton (on the surface at least) seems fairly solid. Did the WP management operate on less oversight? I doubt there is much BAC membership in the vicinity of WP, and that might have been a factor in WP going off the rails where Winton would/might have bottom-up corrective pressures. It would be interesting to know whether the strictures of the 1993 DA approval were known and appreciated by the BAC Board and membership when the decision to purchase was made. This was the fundamental error, compounded by the subsequent investment. Talk about building a castle on sand foundations ... |
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21 Aug 2022, 03:32 (Ref:4123325) | #122 | |
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I always understood that WP and Winton were under the same corporate structure but that could have changed or my understanding was wrong. It was certainly managed by the same family as Winton and as soon as the Father of that family passed away the sons got shown the door or they chose to leave not long after. My apologies for no names as it has been about 10 years ago and old age has set in.
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21 Aug 2022, 06:02 (Ref:4123328) | #123 | |||
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The real question is what is the overall controlling entity, and particularly what level of corporate/financial/governance skills are represented on that entity's management and Board. That is, how much scrutiny and control did they exercise over the ownership and operations WP? Judging from the mess that is WP today, the answer is 'not enough'. |
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21 Aug 2022, 08:19 (Ref:4123333) | #124 | |
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The police used WP for training so it would not be a surprise if they bought it, to build their own would cost a lot more than buying WP. I have no idea if the police have other pursuit training facilities and it is ironic that the police were part of breaking the law so to speak, with their limited use it is most probably possible to stay within the DA regulation for its operation.
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21 Aug 2022, 10:00 (Ref:4123338) | #125 | |||
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Not sure of the nuts and bolts but remember his name as Mr Winton from back in the 80's and on. |
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