Cheltenham Racecourse Redevelopment, England, United Kingdom


A £45m redevelopment of the Cheltenham Racecourse has been initiated by the Jockey Club.

A redevelopment of Cheltenham Racecourse has been initiated by the Jockey Club, Britain's largest commercial horseracing group.

Plans for the £45m ($68.8m) redevelopment, which is the club's biggest investment in racecourse facilities, were announced in March 2013.

The project cost involves the construction of a five-and-a-half-storey grandstand with a capacity for 6,500 spectators, new hospitality boxes, a royal box, and a premium super club on the top floor.

A total of 14 projects have already been completed as part of the redevelopment project and completion of the grandstand will mark the end of the project. The new grandstand will be unveiled in November 2015 by Her Royal Highness, Princess Anne.

Details of the grandstand at Cheltenham Racecourse

"A public bar will be located on the ground floor of the grandstand and will be named the Vestey Bar in honour of Lord Vestey, who served as chairman of Cheltenham."

The grandstand will accommodate annual members, owners and trainers, as well as hospitality and club enclosure badge holders. It will also include bars, toilets, restaurants, private boxes and viewing facilities for spectators.

A public bar will be located on the ground floor of the grandstand and will be named the Vestey Bar in honour of Lord Vestey, who served as the chairman of Cheltenham for 21 years. The ground floor will also feature a bistro serving hot food including seafood.

Located on the first floor will be an exclusive bar for annual members who will have direct access to their own section of steppings overlooking the racecourse.

Big Buck's champagne bar will also occupy space on the first floor and will be named after a race winning horse that won four Ladbrokes World Hurdles and 18 consecutive races.

The second floor will house an Owners & Trainers bar offering views of the parade ring, horse walk and course via a balcony.

A separate area, the Cotswolds Club, will be made available to the owners of the previous A+R boxes that were removed during construction of the stand. On the third floor will be the royal box in addition to 11 private boxes.

The top floor will be home to Cheltenham's exclusive offering, The Cheltenham Club, that will allocate a table to members for the entire season.

The club will provide members with a fine dining experience by serving a four-course a-la-carte lunch amidst the beautiful Cleeve and Malvern Hills. The club's design also includes a fireplace to provide warmth during races in the winter season.

Facilities at Cheltenham Racecourse



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Redevelopment of the Cheltenham racecourse also included renovation of the weighing room and construction of a new first aid room, as well as a crescent walkway that will aid in easing spectators' movement, while providing a good view of the parade ring.

New toilets, a horse walk, plaza and a renovated See You Then bar have also been built.

The walkway will be elevated and create a multi-tiered experience similar to an amphitheatre at the racecourse. An additional screen will be added at the back of the newly installed paddock TV screen, allowing spectators to view races from the plaza area.

A raised deck with a floating design has been added at the racecourse around the parade ring that creates a tiered layer for viewing and spectator movement.

Financing

The Jockey Club raised £25m ($38.2m) through The Jockey Club Racecourse Bond, which is the first retail bond in British sport.

The remaining £20m ($30.6m) was secured from HSBC, AIB and RBS, a Levy Board capital fund loan, commercial deals and the clubs cash flow from trading.

Contractors involved with the Cheltenham Racecourse redevelopment

The architect for the project is Roberts Limbrick, while Kier has been selected as the main contractor. Furness Partnership are the structural engineers and Hambleton Steel are the steelwork contractors for the project.