The Federal Member for Gilmore announced that the Yerriyong Motorsports proposal has been discontinued and that all possible avenues have been exhausted.
This seven year journey lead by Motorcycling NSW has unfortunately come to an end, said the Federal Member for Gilmore Ann Sudmalis.
“It is a disappointing, nonsensical result, the entire South Coast misses out on what could have been a positive social and economic catalyst for our great region,” she said.
“Motorcycling NSW already invested over $1 million for all the studies and planning, they had $11 million in the bank for the build and received a Federal Government Grant of $9.5 million, bringing the total investment to over $20 million.
“It is my understanding that the Joint Regional Planning Panel (JRPP) no longer wanted to deal with the project.
“The Federal Government’s National Stronger Regions Fund (NSRF) awarded Motorcycling NSW a Grant of $9.5 million to support the development which cannot be immediately transferred. I will seek to have the Federal Government Grant of $9.5 million re-allocated for projects in Gilmore.
“Thank you to Dave Cooke and Motorcycling NSW, local Government representatives and agencies who worked on the project and to the public for unrelenting support,” said Mrs Sudmalis.
The Yerriyong Motorsports Complex would have introduced a huge new income stream for the area, created jobs, economic investment and activity, new hotels, tourism, and other business opportunities to an area in need of economic support.
Chief Executive Officer of Motorcycling NSW, Dave Cooke thanked the Federal Member for her efforts and representation.
“I could not have asked for a better person to champion this project, despite the outcome, Mrs Sudmalis did as she said she would and I on behalf of Motorcycling NSW thank her for her time and efforts.”
“I’d also like to again thank the tireless efforts of our supporters in the area, those who worked closely with us on the project, as well as all of the locals who believed this project would be a win for the district and supported it,” said Mr Cooke.