Review of Grand Prix economic assessment

Posted on November 19, 2011 · Posted in News

As promised in blog posts we have reviewed the Tourism Victoria and Ernst and Young Grand Prix economic assessment.  We believe the Grand Prix does not provide a net benefit and in fact reduces the welfare of Victorians.  Tourism Victoria’s claim that “Hosting the Formula One Australian Grand Prix brings significant benefits to Victoria” is not based on any calculation of net present benefit.

Read the original reports here and Here then find out why they’re wrong here.

 

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