Click here for latest Media Releases

Oval 21 at Albert Park, January 2012. Parks Victoria gives a rent subsidy to the Grand Prix amounting to several million dollars every year, as mandated in the Australian Grand Prix Act but is 'responsible' for Albert Park, including all the sporting grounds.

 

2013 grand prix: A claim of 69,800 fans on the Thursday – where? In the main straight, during the popular V8 Supercar event, here? This is typical of claims that are contradicted by hard evidence. We have a set of photos that ask the same question.

NEW Every major claim about the grand prix is false or misleading. Here is the proof

NEW Ecclestone's bribery and corruption scandal. Here are the facts that Melbourne's newspapers won't print

As the government did not follow the Auditor-General's recommendation to perform an annual cost-benefit analysis to determine if the grand prix is worthwhile, SAP commissioned Economists at Large (www.ecolarge.com) to update the A-G's cost-benefit analysis. They found the 2012 event resulted in a net economic loss to Victoria of $60.6 million. The report is here.

The government and the grand prix corporation have consistently refused to disclose under FOI any documents that can prove (or disprove) their claims of attendance. SAP has appealed to VCAT, asking for details of how they made up the attendance figures at last year’s race as they are far above those apparent from the audited ticket sales. The grand prix says revealing the truth would disadvantage them. Indeed. We have posted a public interest statement (here) for the VCAT judge to consider.

UPDATED Australian Formula 1 Grand Prix at Albert Park: the real cost to the taxpayers of Victoria.

Grand Prix headed for the major events scrapheap? - Crikey.com.au Monday 29 March 2010

Save Albert Park Survey of Traders - Impact of the Australian Grand Prix on Trading

Summary of Save Albert Park's attendance count at the Australian Formula One Grand Prix 1998-2003 - method

SAP's Submission to the Victorian Auditor-General: On May 20, 2003, Save Albert Park presented to the Victorian Auditor-General a submission proposing that, in the public interest, a cost-benefit analysis be carried out on the Grand Prix.
In 2007, The Auditor-General conducted a peer reviewed cost benefit analysis on the 2005 event, which found the Grand Prix did not deliver an economic benefit to Victoria and asked the government to do a similar study for subsequent years. Report Link

Search or Browse   (Indexed by FreeFind)
Please select a link from the list on the left to browse our site, or type one or more terms into the box below to search for specific information