F1 » Melbourne seeks reduced F1 fee

Melbourne eager to keen the Australian GP but needs to reduce the costs involved

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September 26, 2012 2:40 PM
Last Edited 1157 days ago

Peter Logan does not have a clue what he is talking about and the original article does not totally read like this.

It goes on to expand that Melbourne appreciate the exposure and economic benefit and they are aware other states of Australia would be more than willing to accept the prestige.

Here's a excerpt:"However, Ms Asher said it was not in the government's interest to relinquish an event that had economic benefits in promoting tourism and branding Victoria."

The 2013 AGP is already being heavily promoted nationally

FJ - Unregistered

September 26, 2012 3:14 PM

@ ken, much of the cost is because it is a street circuit close to the CBD and is dismantled and rebuilt every year.

@ commodore, you are being selective with your reading.

Ms Asher also said. ""The Brumby Labor government signed off on a contract that is too expensive for the taxpayer in my opinion," she said.
"This is a very, very expensive race and I personally am not happy with this level of subsidy"

I am a proud Victorian and love f1 and the Albert park race, but it shouldn't be paid for by taxpayers if it continues to make a loss. I would gladly travel anywhere in Australia to see it and would love to see it at a purpose built track, where it could perhaps run at a profit.

Chop Chop - Unregistered

September 26, 2012 3:14 PM

Why we have to pay hosting fee more than any other countries for to have Formula One in Melbourne?
I have living in Melbourne before F1 was moved from South Australia.
However, I never go and see F1. Albert Park is just 3 minute drive from my St. Kilda flat. My dogs were terrified when fighter jets fly over my flat and everything in flat was shaken. The window glasses were almost cracking.
I'm big fan of F1 but $ 56 Millions is too much for Vic State. I believe F1 must go to somewhere else. We can use that money for Homeless Youth rehabilitation and funding for our poor health system.
Peoples who think Australian peoples are lucky and then come and look how many youth homeless in Melbourne and how many families who can not put foods on table.
The business exposure from Formula One is limited which only benefited to a few businesses like Crown Casino. $ 56 Millions should be spending for majority of Melbournians.
For me, I enjoy watching F1 from home.
Now time for Formula One to goes

Chop Chop - Unregistered

September 26, 2012 3:30 PM

Ken, Australia has to pay higher hosting fee than other country. You have to ask Bernie for the reason why he charge more for Melbourne GP than any other GPs.


September 26, 2012 3:44 PM

Ken this was also in the original statement:

"Ms Asher said a 2011 economic impact statement estimated the event generated between $32 and $39 million, and another $35 million in media exposure."

The initial costs are borne by the Victorian Govt but recovered through other sources.

At the moment it does need a look at the Management process.

Silvio Berlusconi - Unregistered

September 26, 2012 3:49 PM

There's a guy here (Chop Chop) that lived in Melbourne 3 minutes from the circuit but never bothered to go see F1. And this is a guy posting on crash.net!!...

More obvious than that...
Get rid of Melbourne, they don't deserve F1

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