From council’s website (including link to full report).

Amendment C60 – Melbourne Racing Club Re-development Panel Report released Printer Friendly
Council has received the Panel Report on Amendment C60 which seeks to rezone the land that is generally bounded by Station Street, Kambrook Road, Bond Street, Heywood Street and Normanby Road, Caulfield.

The amendment proposes to:

Rezone the land from a part Residential 1 Zone and part Mixed Use Zone to a Priority Development Zone – Schedule 2 (PDZ2).
Introduce Schedule 2 to the Priority Development Zone – Caulfield Mixed Use Area, into the Glen Eira Planning Scheme.
Apply the Road Closure Overlay (RXO) to close part of Smith Street, Bond Street, a laneway west of Bond Street and a laneway south of Heywood Street.
Amend Clause 22.06 Phoenix Precinct Policy to reflect the development vision of the Incorporated Plan.
Amend the Schedule to Clause 81.01 of the Glen Eira Planning Scheme to include the Caulfield Mixed Use Area Incorporated Plan, July 2008 as an Incorporated Document.

An officer report will be prepared for a decision in due course. This report will discuss the Panel’s conclusions and recommendations. The officer report may make one of the following recommendations to Council:

That the amendment be adopted by Council with changes proposed in the Panel Report.
That the amendment be adopted by Council with changes that differ to the Panel’s recommendations.
That the amendment be adopted by Council with no changes.
That the amendment be abandoned by Council.