A world-class new motorsport park and resort in Lake Macquarie is set to create hundreds of jobs and set benchmarks for the reuse of a former mine site.

The $95 million Black Rock Motor Resort at Wakefield will include a 5.25km driving circuit, luxury accommodation, driver training, a function centre, cafe and go-kart track.

Lake Macquarie Mayor Kay Fraser, Natural Resources Minister Courtney Houssos, Minister for the Hunter Yasmin Catley and Black Rock CEO Tony Palmer turned the sod on the 252ha site on Tuesday morning, marking the start of a three-year construction project