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7 November 2012, 15:00
The first stage of work on 1,500 new homes at Newbury Racecourse has started today.
Property Developers David Wilson Homes (DWH) bought up land on its western, central and eastern sites earlier this year.
As part of the deal DWH will pay the racecourse £46.6 million during the course of the programme.
A large part of the racecourse refurbishment programme will take place in 2013 and 2014 with the next phase of housing starting the year after that.
Newbury Racecourse says nearly a third of the housing will be affordable and that there'll be investment in the road network, bus and rail routes as well as a contribution towards school education and healthcare.
Improvements for race-goers include new landscaping, a new parade ring and a better range of food outlets. There'll also be refurbished stables, new accommodation for stable staff and a new car park and entrance for trainers and horse owners.