Was The Grand Prix Beneficial For Melbourne

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Term Paper Title	Was The Grand Prix Beneficial For Melbourne
# of Words	627
# of Pages (250 words per page double spaced)	2.51

Was The Grand Prix Beneficial For Melbourne

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 ...

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