On Tuesday afternoon, paid-up members of the Australian Turf Club will file into Randwick to vote on the proposed sale of Rosehill racecourse to the NSW government for $5 billion.

NSW Premier Chris Minns hatched the plan with ATC chairman Peter McGauran in 2023. His new Labor government struck an MOU to buy Rosehill, Sydney’s second-biggest racetrack. The ATC gets billions. Minns gets a housing supply policy on steroids: The 57 hectares in western Sydney would be flipped to developers, there’d be a new Metro line and 25,000 new homes.