Win,
What you are seeing here is the center support, and the wings that go from it to the retaining wall (bottom photo) where the Roundhouse and formerly track 7 will meet with the turntable. Everything else, turntable included, is above ground. There is no retaining wall that goes completely around the turntable, but the turntable will be able to make a complete swing.
The reason for the wings is to keep the center pivot and retaining wall alaigned to prevent future issues.