HORSE RACING IN CHINA?

Racing isn’t completely legal in China, but that hasn’t kept the Dubai-based Meydan City Corporation from announcing plans for a billion dollar equine center in China’s Tianjin province. The project is a joint venture with TAK Design Consultants of Malaysia, Zhouji Jiye and Tianjin Farm Group of China.

The plan calls for an equine college, a feed plant, breeding and quarantine facilities as well as an equine hospital. Down the road, the plan also calls for a racetrack, five-star to seven-star luxury hotels, commercial offices, and residential facilities.

The project is planned in stages. The first plan spans just over five years from May 2010 to December 2015. By the end of 2011, the equestrian college, stud farm and feed plant will be completed and put into trial operations.

By the end of 2012, the horse trading centre, hotel, clubhouse, shopping centre, and entertainment centre will be completed, and the group hopes to be hosting international events by 2014.

The Hua Zhi Jie International Equestrian College will require an investment of $1.46 billion.

The commencement of the construction of the racetrack will ultimately depend on China’s decision on whether or not to pursue live racing.