Clipsal 500 Economic Impact Statistics

[GTRMagic]

Story Here

Economic Impact: $65.6m
Additional Bed Nights Consumed: 72,234
Attendance: 263,500 people across 4 days, 13,500+ from interstate.
Teev Broadcast Audience: 300 million people!

This is the shining example of success of a street race on the VASC calendar

Time to generate more of them..

[Compromised]

Originally Posted by GTRMagic

Story Here

Economic Impact: $65.6m
Additional Bed Nights Consumed: 72,234
Attendance: 263,500 people across 4 days, 13,500+ from interstate.
Teev Broadcast Audience: 300 million people!

This is the shining example of success of a street race on the VASC calendar

Time to generate more of them..

Maybe one in Homebush? Perhaps Hamilton? Why not Canberra?

[peckstar]

Originally Posted by Compromised

Maybe one in Homebush? Perhaps Hamilton? Why not Canberra?

What about Gold Coast or Bathurst then?

[D.R.T.]

Originally Posted by Compromised

Maybe one in Homebush? Perhaps Hamilton? Why not Canberra?

Bang on.

GTR outside of a V8SC press release - what the source of the statistics in the press release.

The 300 million broadcast is of particular interest

[Mixer]

Originally Posted by Compromised

Maybe one in Homebush? Perhaps Hamilton? Why not Canberra?

Canberra had a lot going for it except some complete moron decided to run it in May.

[peckstar]

Originally Posted by D.R.T.

Bang on.

GTR outside of a V8SC press release - what the source of the statistics in the press release.

The 300 million broadcast is of particular interest

Independant research provided to the south australian government. Nothing to do with v8 supercars inh this case apart from them tooting their horn

[peckstar]

2012 Darwin impact

[Mixer]

That Darwin document is an impressive work and reads very well.

Clearly Darwin, Townsville and Adelaide events have really worked, and I suspect the Gold Coast as well, but at the end of the day not everything you do is going to be a roaring success.

[mayhem]

Originally Posted by Mixer

Canberra had a lot going for it except some complete moron decided to run it in May.

June.

And the track wasn't particularly conducive to overtaking. Went to every event though, had a cracking time outside of the frostbite.

[D.R.T.]

Originally Posted by peckstar

Independant research provided to the south australian government. Nothing to do with v8 supercars inh this case apart from them tooting their horn

Ok - was the Independant Research provider cited and listed in the press release? I did speed read the press release and could have easily missed this.

[mayhem]

Auditor Generals report into the Canberra 400 arrived at these results:

- The direct net financial cost of the race (i.e. direct financial
costs less revenue) met by ACT taxpayers was $7.7m in 2000
and $5.1m in 2001 .
- The estimated net cost to the community (i.e. net direct financial
costs less net other direct and indirect benefits) of the race was
$4.6m in 2000 and $2.8m in 2001.
The present value of the net direct financial cost of the race over
five years to ACT taxpayers is estimated at $29.2m assuming
that the net costs of future races are similar to that incurred for
the 2001 race.
- The present value of the net cost of the race over five years to
the ACT community is estimated at $16.2m assuming that the
net costs of future races are similar to the net costs of the 2001

Audit opinions from the same report indicate:

The conduct of the 2000 and 2001 races had significant negative
economic results for the ACT.

The economic benefits for the ACT announced as being generated
by the 2000 and 2001 races were overstated and provided little
information useful for making judgements on the success of the
races or making decisions on the conduct of future races.

The Cabinet submission, which recommended that Cabinet agree
to the conduct of the races, contained significantly inaccurate and
incomplete information.

The actual net direct financial costs of conducting the 2000 and
2001 races were greater than the Government’s original
expectations; the net cost of the 2001 race was almost twice the
forecast cost.

[peckstar]

Originally Posted by D.R.T.

Ok - was the Independant Research provider cited and listed in the press release? I did speed read the press release and could have easily missed this.

It wasnt mentioned, however the information was released by the SA goverenment, notice the quotes in the article.

here is the release by Tourism SA dated last week

Clipsal 500 records most successful V8 supercar race ever

[peckstar]

Originally Posted by mayhem

Auditor Generals report into the Canberra 400 arrived at these results:



Audit opinions from the same report indicate:

trying to work out the relevance of a 12 yo document

[Mixer]

Originally Posted by peckstar

trying to work out the relevance of a 12 yo document

Supports an agenda.

[275 GTB-4]

Originally Posted by peckstar

trying to work out the relevance of a 12 yo document

Its a great example of people with a vested interest, paying tame consultants or others to get the answers they want...and use that to kill something they don't personally agree with...

The local left wing press had a field day trying to undermine the event...and Jacquie Rees became a start moaner overnight with almost unlimited on-air access as the "opposition"..

http://www.abc.net.au/am/stories/s310553.htm

Its like the ****-weak local-yokel gummint foisted upon the 300,000 people of the ACT. Referendum result said 80% opposed!...

Thanks for raking over old coals!!

Still makes my blood boil...

The events themselves turned out fairly good under the circumstances...

[D.R.T.]

Originally Posted by Mixer

Supports an agenda.

Or evidence of poor practice?

Are you suggesting that the below should be ignored as it only suits an agenda

The economic benefits for the ACT announced as being generated
by the 2000 and 2001 races were overstated and provided little
information useful for making judgements on the success of the
races or making decisions on the conduct of future races.

The Cabinet submission, which recommended that Cabinet agree
to the conduct of the races, contained significantly inaccurate and
incomplete information.

The actual net direct financial costs of conducting the 2000 and
2001 races were greater than the Government’s original
expectations; the net cost of the 2001 race was almost twice the
forecast cost.

[Mixer]

Not relevant to posted topic and utterly out of date.

Sent from my SM-G935F using Tapatalk

[Tourer]

Originally Posted by D.R.T.

Or evidence of poor practice?

Are you suggesting that the below should be ignored as it only suits an agenda

OK so this refers to events run 15 years ago but putting that aside, in regard to poor practice, who are you thinking engaged in the poor practice? I recall that the ACT tourism / events agency was criticised at the time for overselling benefits and there were many hurdles thrown up by govt agencies making the event more expensive than other comparable events.

There is no doubt that all parties involved need to work together for large, complex events to work and if all parties aren't on side, the events don't work but are you suggesting that one party only exhibited poor practice?

[mayhem]

Originally Posted by Mixer

Supports an agenda.

No agenda here, in fact if the Canberra event was revisited I'd be the first one through the gates. But for all the fan boy dropping to the knees over V8SC and their street events, outside of the monumental success of Adelaide there isn't a great deal to crow about.

The relevance to the 12 year old document is as equal as bringing up the event in one of the original posts.

And for all of the great economic news in regards to Adelaide, reality is that future event promoters (see also governments) should conduct some due diligence and investigate the bad news events too, like Canberra, Homebush and Hamilton. Maybe that's what Geelong and the Central Coast did/are doing...

[porsche91722]

Clipsal is a great event for South Australia, VASC and motorsport in Australia generally, but please.......300million worldwide audience?? Gimme a break
Maybe they left out a very important word there - "potential" and that's only if the "potential worldwide" audience was up in the middle of the night.
The BS that this mob are prepared to go for, with their fairy tale figures provided by data from a government department that seeks to justify its taxpayer funded spending would make Joe Goebbels proud.
300million, my arse
Hang on, wait a moment...... it's worth a couple more
I find it hard to believe that anyone with half a brain would accept this rubbish.

[Mixer]

Ahh https://en.wikipedia.org/wiki/Reductio_ad_Hitlerum

Sent from my SM-G935F using Tapatalk

[peckstar]

Originally Posted by porsche91722

Clipsal is a great event for South Australia, VASC and motorsport in Australia generally, but please.......300million worldwide audience?? Gimme a break
Maybe they left out a very important word there - "potential" and that's only if the "potential worldwide" audience was up in the middle of the night.
The BS that this mob are prepared to go for, with their fairy tale figures provided by data from a government department that seeks to justify its taxpayer funded spending would make Joe Goebbels proud.
300million, my arse
Hang on, wait a moment...... it's worth a couple more
I find it hard to believe that anyone with half a brain would accept this rubbish.

I'm thinking there may be a difference between the way you think things work and the way things actually work.

"The event was broadcast to an audience of nearly 300 million people" Is that not correct?

And is that not how other sports do things, Sports like the Olympics, FIFA world cup and the English premier league

[rustyinsthoz]

Originally Posted by GTRMagic

Story Here

Economic Impact: $65.6m
Additional Bed Nights Consumed: 72,234
Attendance: 263,500 people across 4 days, 13,500+ from interstate.
Teev Broadcast Audience: 300 million people!

This is the shining example of success of a street race on the VASC calendar

Time to generate more of them..

Interesting figures. Remember Clipsil is held in March which is peak tourist month in Adelaide when other festivals and events are held. How they work out who is here for the race and who is here for other events would be interesting to know.

[D.R.T.]

Originally Posted by Tourer

OK so this refers to events run 15 years ago but putting that aside, in regard to poor practice, who are you thinking engaged in the poor practice?

Correct if I am wrong but weren't the same "overstating" of benefits levelled at the Sydney event.

Any common theme via these events Tourer?

[porsche91722]

Originally Posted by peckstar

I'm thinking there may be a difference between the way you think things work and the way things actually work.

"The event was broadcast to an audience of nearly 300 million people" Is that not correct?

And is that not how other sports do things, Sports like the Olympics, FIFA world cup and the English premier league

Ok...I can see how the EPL, Olympics and the World Cup could justify their figures. They are genuine mega sports on the world stage and in the case of the last World Cup, having an in-home viewing audience of 695million and a total of just over a billion people, in home and out of home, watching the World Cup final.
But if you feel that VASC dodgy figures, supplied by the Sth Aust Tourism Commission are fair dinkum and you believe that their audience was about half that of the FIFA World Cup final worldwide audience, well ......what can I say?
http://www.fifa.com/worldcup/news/y=...--2745519.html