Avalon is
notable for the Avalon
Raceway (also known as Avalon Speedway)
and Avalon
Airport, which is the new home base of the budget domestic
airlineJetstar
Airways and the site of the biennial Avalon International
Airshow, the largest of its kind in the southern
hemisphere. Although located on the outskirts of Geelong,
the airport effectively operates as a second airport for the much
larger city of Melbourne.
In 2005
businessman Lindsay Fox launched plans
to attract Australia's first Disneyland theme park to the area.A Direct Factory Outlets shopping
centre has also been proposed for the area.