Hall of Famer
- Nov 8, 2000
- AFL Club
- Other Teams
- Peel Thunder
It's a good question. Short answer is probably no, it isn't worth it. Not for a city like Sydney anyway which everyone around the world knows about. But if they're thinking about running a track near the harbour then maybe, it might be the sort of thing that inspires a lot of tourism post event.
Stirring the Melbourne/Sydney battle, tongue in cheek look at the F1 AGP location with Melbourne paying to keep the gig whilst Covid locks it out.
'Some years ago, The Herald Sun exclusively revealed that the overall cost of the five-year Melbourne F1 contract was $50m for the 2015 year. For some reason, four successive state governments had kept this secret for almost two decades. So, post-Covid you would expect the bastions of Bleak City would be sending F1 owners Liberty Media Corporation (NASDAQ: FWONK, $80 last close) an annual cheque for $70m.
So, is $80m a fair price for Sydney to pay? As we’ll see the price of hosting the traditionally powered petrol vehicles is about to jump, but all the local pollies would have to do is divert the fines from two well placed speed cameras for a year, so maybe $80m is a steal.'