The Anglesea Futures and Alcoa land use plans propose destroying Anglesea Bike Park and developing 13 hectares of new housing.
Alcoa owns the Bike Park land, but current zoning prohibits housing and other development. The land is also outside Anglesea's town boundary.
Based on the sale price of the former primary school, the 'Bike Park' block would be worth $25-30 million to Alcoa if rezoned. Alcoa paid the equivalent of $700,000 for the land.
The Bike Park is just over one hectare in size - less than 10% of the overall proposal. A small reduction in the scope of the proposed development would save the Bike Park.
Over 5,500 people signed a petition to save Anglesea Bike Park. Petitioners also contributed 34 pages of heartfelt comments.
The Bike Park is an important part of Anglesea's outdoor recreation economy. Anglesea's camps alone contribute $15 million per year to the local economy. Mountain biking, using the Bike Park as the hub and heart of a wider trail network, will be worth an estimated $10 million per year as well.