Was the Grand Prix Beneficial for Melbourne

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Was The Grand Prix Beneficial For Melbourne

Issues Part -B-

Was the Grand Prix, promoted as "The Great Race" which was held at Albert Park beneficial for Melbourne, or was it just a huge waste of taxpayers money? The race was televised to 650 million people in 130 different countries is expected to pump $50 million into the Victorian economy every year and boost tourism enormously.

I along with the owners of seventy-two percent of hotels, motels, restaurants and other entertainment complexes agree that Albert Park having the Grand Prix will have a positive impact on business. Infact it pumped $10 - $15 million into local business. This will mean these businesses did put on more part time staff who will be gaining valuable work experience and there will also be a flow on effect to suppliers of these industries. Fifty-nine percent of interstate visitors and forty five percent of overseas visitors would not have come to Adelaide in a two year period because of the Grand Prix if not for the race. By Albert Park getting the Grand Prix created between 1000-1500 new jobs. The Grand Prix will promote Victoria on an international scale with international press, television and media caring out a world wide coverage of this event. This could convince people to come and visit Melbourne and would also be a major tourism boost.

Approximately $23.8 million has been spent overhauling the park and upgrading the Lake side track. They built better fences and barricades to help protect spectators in case of a crash, and the track is said to be the safest and finest in the world, creating a benchmark for Albert Park. Temporary seating will cater for 150,000 people, and there was approximately an attendance of 400,000 over the four days. 9,000 part-time jobs and 1,000 full-time jobs were created over the weekend.

The "greenies" are still trying to stop the race at Albert Park. First it was "Save The Park" and now it's "Stop The Grand Prix." At first they protested...
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