Sheikh Mohammed toured Meydan racecourse today (see video from today below), and with a month and a half to go before the new track opens for business on January 28, 2010, there’s still much to do but construction appears to be on schedule. The scope of the track is monumental and very much in line with the lavish architecture and building that characterized Dubai before its real estate bubble burst a year ago and its recent financial woes were exposed. The plant, designed by architect Teo A. Khing, will eventually cost Dh10 billion (approx. $2.7 billion) and will be completed in two stages — by March 2010 and then by March 2012. The original bid to build the structure, a joint venture between Malaysian-owned WCT Engineering and UAE-based Arabtec Construction, was for Dh4.6 billion. Original plans for the racetrack included 10 restaurants, a museum, a hotel (you can see the infiniti pool in the video), and seating for 60,000. Since then, a theatre has been added to the mixed-use project and no doubt other bells and whistles have caused the original budget to more than double.