LRRC - What does LRRC stand for? The Free Dictionary
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A statement on the LRRC website explained: "To not have that matter as an option for consideration at the executive meeting is totally unacceptable to the investors in this project.
Despite the withdrawal of the LRRC's plans, the council discussed in general the possibility of the regeneration of the course, but decided unanimously it was not a feasible project to pursue.
LRRC is already grappling with a number of infrastructure issues, including the fact the racecourse is on 'common land', but it remains undaunted and is confident its plans can be brought to fruition without taxpayers being asked to contribute to the cost.
LRRC says it would hope the track could stage approximately 16 meetings between March and October each year.
spokeswoman Karen Ratsall tackled several issues at the meeting, including whether taxpayers would be asked to contribute to the cost.