Was the Grand Prix Benificial for Melbourne

Essay by thesnake_High School, 12th gradeB+, January 1996

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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...