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 …
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…an impact it had on the economy. Probably at the same time next year would be a better time to judge the impact it had. But already we can see the benefits, Albert Park is now known on a international scale, many new jobs have been created, local and big business' have also benefited due to tourism. So it is quite obvious that the race overall was a success with no thanks to the protesters.