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I've lived in Vic my whole life.
I've been to the GP most years, except when it turned to a 5pm start as it's a pain to get home with work the next day.
$35m to hold a race I think is over the top. I also think $30m set up and dismantle cost of the track is over the top. I also think there are no set figures on how much the race brings in as a few years ago one report showed a loss to the state, done by a bloke who loathes the GP and another from an independent showed about a $90m or so profit.
I also know in 1996 or 1997 the SA government at the time said 'where has this extra money we had last year gone', as they got rid of the race due to costs then found they had even less money.
The Melb GP in 1996 cost the government (so a loss) of about $1.5m. Last year was about $50m.
Question, with no exact figures on loss or profit, is it worth it?
I love it so I say yes... but at the end of the day I don't know.