The banqueting suite will be built on the site of the Hare and Hounds bar with the terraced area at the finish line end of the track also making way for the new development.
“The way it has been designed will allow for the top floor suite to be open for 500 guests or split into rooms of 250, 150 and 100 people capacities providing fantastic views across the track.
“On the same level will be five brand new executive boxes which will cater for 20 people per box. These, too, can be made into one large executive box for 100 guests. Our existing executive boxes will remain in place until the new development is open and a new entrance will be in place until building work is completed.”