The racecourse has a picturesque outlook across the river, as well as being dominated by views of Mount Wellington.

It features at least 110 race meetings and 210 trial days a year, but is most well known for hosting the Hobart Cup.

Race meets have been conducted at the site since the late 19th century, which was first leased by the TRC in 1874, and later bought by them.

[1] The worldwide decline of interest in the entertainment model led to its demise, though in recent years nostalgists have called for its return within the scope of seasonal and special event screenings.

The Hobart Greyhound Racing Club (HGRC) switched to Elwick Racecourse after the $20 million development had been completed.