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Instead of housing thousands of horsepower, the Dunsfold Park will have 1,800 homes, along with shopping areas, recreation areas, and a health center. Additionally, the roads in the area will be improved upon and a new bus service will be created for the area.
Jim McAllister, Dunsfold Park chief executive, told BBC News: "The development of Dunsfold Aerodrome will provide homes for young families currently priced out of the area, direct development away from green fields, create new jobs and deliver a range of new community facilities and infrastructure improvements."
We've had some great times at the track: