00:00It was meant to be the golden slipper in Chris Min's housing aspirations.
00:07A pitch to turn Rose Hill Racecourse into its own mini city with 25,000 new homes.
00:13A historic opportunity to change Sydney for the better.
00:17Today that dream was scratched.
00:20It feels like a golden opportunity that slipped through our fingers.
00:2356% of Australian Turf Club members who voted said no to selling the racecourse to the state government.
00:29At an asking price of $5 billion.
00:32Greatly relieved that I think it's now the opportunity for us now to go back and start working with this board.
00:39The Premier was one of the plan's biggest backers promising Rose Hill its very own metro station.
00:45As he looked to make a dent in the race to build 377,000 homes.
00:50The fact that it was reasonably close is bittersweet to be honest.
00:55ATC Chairman Peter McGoran went all in to get the sale over the line.
01:00Planning to upgrade other tracks, offering members $5,000 bar tabs and free memberships.
01:06We'll never have the funding to better cement ourselves in the mind of the wider community who have a declining, rapidly so, interest in racing.
01:17It marks the end of a 17 month long saga involving parliamentary inquiries, racing identities and even briefly the corruption watchdog, but they declined to pursue.
01:28Premier Chris Minns has ruled out any compulsory acquisition of the site, but is still on the lookout for Sydney's next ambitious housing project.
01:36Prominent racing identity Gay Waterhouse was pivotal in taking down the proposal.
01:41It's like saying I'm going to sell Centennial Park, you know, or the Sydney Cricket Ground.
01:47Racing history saved, but an industry's future now far from certain.
01:52St ness will get ready forãoons.
01:57Sorry to messes up here again.
02:02Let's take the time.
02:06There.
02:08auto.
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