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- Hammerhead Garage
Taken from GP Update
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So is a move to Surfers Paradise in order?The future of the Australian Grand Prix at Melbourne's Albert Park has again fallen into question with the state government of Victoria relictant to pay rising fees for hosting the race to Formula One Management.
The cost of hosting an F1 Grand Prix is understood to increase according to Melbourne's deal, justified by the fact that other countries are willing to pay to take the race way from Australia. This year's race cost Victoria state almost $35 million and the current contract expires in 2010.
"The main reason for the increased cost of the Grand Prix is the increased licence fees," Victorian premier John Brumby was quoted as saying by Australia's The Age newspaper. "If you go back to the origins of this event, we were told at the time that this was an event that would break even or make a profit."
"The reality is that since then the licence fees paid to Formula One have continued to rise," he added. "It's not costing more to set-up the event, in fact we're getting more efficient each year - the cost is going up because of the licence increase."
"It's an event in demand around the world so places like Malaysia and Dubai are prepared to put more than $50million a year in licence fees on the table," he revealed. "I think that currently we can sustain the costs but post-2010 the licely cost of licence fees is up and not down."
Negotiations over increased licence costs were the reason that the US Grand Prix will not be back on the calendar in 2008 with the Indianapolis Motor Speedway refusing to pay the price hikes.
I certainly hope this isn't the case; Albert Park is a great circuit, and Surfers has long since outgrown motorsport; I have no idea what it would be like by 2011. It's simply too narrow in places and the chicanes really slow things down. However, if they were willing to change the route for the Grand Prix if Formula One ever went to the Sunshine State, I might be inclined to change my mind.The Australian Grand Prix could possibly move to the legendary Surfers Paradise street circuit in Queensland, according to reports in the Australian media. The rumour comes after mounting costs to host the race in Melbourne have led to the Victoria government coming in for criticism.
"I believe that the Labour government is preparing to end Melbourne's involvement with the Grand Prix when the contract finishes in 2010," said former Victorian premier Jeff Kennet, who was instrumental in bringing the race to Melbourne from Adelaide.
Queensland Events Corporation chairman Des Power reportedly told Australian media that F1 bosses had approached the Queensland government 'some time ago' to host the F1 race in Surfers Paradise.
"It was a clandestine approach, but the price tag was enormous," he said. "If we were approached again by F1 any proposition would have to be given appropriate consideration."
Discuss.