V8 Supercar round moves from Homebush?

[275 GTB-4]

Lots of talk about moving from Homebush to Gosford or Eastern Creek or somewhere else.

The central Coast might have a good fan base, but where is everyone going to stay? and the transport is already at near capacity...

EC would be an underwhelming choice...

Canberra?

[D.R.T.]

There is some media spin from some sections describing V8s looking to leave Homebush for Gosford.

Make no mistake - Homebush is not sustainable with or without Gosford.

After the failure on Homebush - why the NSW Government would want to lose more money on another street race is unknown.

[peckstar]

Originally Posted by D.R.T.

There is some media spin from some sections describing V8s looking to leave Homebush for Gosford.

Make no mistake - Homebush is not sustainable with or without Gosford.

After the failure on Homebush - why the NSW Government would want to lose more money on another street race is unknown.

How have NSW government lost money?

[GTRMagic]

Originally Posted by peckstar

How have NSW government lost money?

They haven't... the risks around the Homebush event are with V8SC Events.

While the NSW government has provided infrastructure & access to infrastructure, perhaps equally the payoff could be seen to be access on raceday to the working facility by corporate guests & ministerial types..

[D.R.T.]

Originally Posted by GTRMagic

They haven't... the risks around the Homebush event are with V8SC Events.

While the NSW government has provided infrastructure & access to infrastructure, perhaps equally the payoff could be seen to be access on raceday to the working facility by corporate guests & ministerial types..

The economic return to Sydney was lower than estimates provided by the promoter when the NSW government invested $45million from 2009 to 2013. Bad investment.

Considering the event has continued to fall in terms of attendance and interest - I am not sure how the government is making money from this since 2014.

With all this money changing hands - I am not sure how V8SC is held more risk than the NSW Government.

[peckstar]

Originally Posted by D.R.T.

The economic return to Sydney was lower than estimates provided by the promoter when the NSW government invested $45million from 2009 to 2013. Bad investment.

Considering the event has continued to fall in terms of attendance and interest - I am not sure how the government is making money from this since 2014.

With all this money changing hands - I am not sure how V8SC is held more risk than the NSW Government.

Sorry, the question was how have the NSW government lost money?

[D.R.T.]

To understand Peckstar, you will need to research economic impact assessment & Cost/Benefit Analysis for Government investment/expenditure.

[Average Punter]

Here's a photo gallery from 2009.

http://www.speedcafe.com/2009/12/02/...a-500-circuit/

There are a lot of grandstands that were not there this year......

[Alan52]

Under the initial 5 year contract made by Cochrane and Ian Macdonald (see ICAC,Tiffany etc) V8SA could approach the state government to make up any "shortfall" which they did each year until 2013.This money was taken from ,ironically,a disaster relief fund.
At the time the current contract was signed V8SA were told they were no longer allowed to play in this money pit.It came as a major shock to people who knew the sums that they signed on again.
As well as direct payments to V8SA the government lost money because the economic benefits were a figment of the imagination.
Gosford would be no different although more likely to get funds because of its regional status although it is only an hours drive from Sydney.NRL and A League games at Gosford get smaller crowds than matches in Sydney and there is no reason to think V8's would be any more successful.

[Alan52]

If the race goes ahead next year James Warburton's decision to renew the contract for 2014-2016 would have cost V8SA $12million in losses on the 3 events.Anyone going to the event(and I have been every day in all 7 years) knew it was in terminal decline well before that contract was signed.

[Umai Naa]

Perhaps it's time for the NSW Government to ruffle some feathers within the ARDC, to ensure a V8SC event will be successful at SMP? More big tellies, shade structures, improved public transport to and from the venue, knock some heads together to fix the parking, do whatever it takes to get the punters on board.

The season launch there was always a decent thing for what it was, well except for this year due to the obvious politicking.

Setting up and packing up the Homebush track costs time and money. Time and money that could be invested long term into something they already own.

[peckstar]

Originally Posted by D.R.T.

To understand Peckstar, you will need to research economic impact assessment & Cost/Benefit Analysis for Government investment/expenditure.

oh, so what you are saying is that the benefit was not as much as hoped rather than it lost money

[Alan52]

The ARDC have nothing to do with the Eastern Creek round except supply officials.It is run by V8SA.
T

[Mixer]

Originally Posted by Alan52

If the race goes ahead next year James Warburton's decision to renew the contract for 2014-2016 would have cost V8SA $12million in losses on the 3 events.Anyone going to the event(and I have been every day in all 7 years) knew it was in terminal decline well before that contract was signed.

Are you seeing the amount of the loss for next year's event in your crystal ball?

[Muznik]

Originally Posted by Average Punter

Here's a photo gallery from 2009.

http://www.speedcafe.com/2009/12/02/...a-500-circuit/

There are a lot of grandstands that were not there this year......

From the TV coverage it appeared that not very many people were there at all. Just a few, small clusters of people on the occasional corners.

I do admit I didn't watch all the filler so cant comment on how full the grandstands were.

[D.R.T.]

Originally Posted by peckstar

oh, so what you are saying is that the benefit was not as much as hoped rather than it lost money

The EIA gap is the lost money Pecky. They invested $45million for a return they didnt get.

[275 GTB-4]

No support for the ACT?

To be honest, I can't see many of the teams being enthusiastic about the Central Coast but the other thing to think about long term (if V8SC has a future?) is the impact of the long, long awaited airport at Badgerys Creek.

I'm sure the airport will be a shot in the arm for that area and may make servicing a local track much easier

[Axeman444]

Originally Posted by peckstar

oh, so what you are saying is that the benefit was not as much as hoped rather than it lost money

I think he is saying that the benefit was not as much as hoped therefore it lost money

[peckstar]

Originally Posted by Axeman444

I think he is saying that the benefit was not as much as hoped therefore it lost money

No, thats not the way it works.

If You give me $1 and I give you $1.10 back you have gained money, even if i promised you $1.20

It didnt lose money for the NSW government

[D.R.T.]

Try telling that to the banks with your next home loan payment

Pecky - you need to understand why a Government invests money - to get a certain return. They could have invested their money elsewhere for a better return - that is a net loss

[peckstar]

Originally Posted by D.R.T.

Try telling that to the banks with your next home loan payment

Pecky - you need to understand why a Government invests money - to get a certain return. They could have invested their money elsewhere for a better return - that is a net loss

Oh i see, you were stupid and thought the $1.20 was guaranteed, when it was clear from the beginning that there was risk.

The government knew this. No guarantee anything else was going to give a better return either. they try major events, sometimes they win and sometimes they dont, But thats what we ask them to do

[one five five]

The event has been an unmitigated flop compared to how the original forecasts were hammered into us by V8SC management when the event was first announced

It is interesting that the same members on here who have pushed the events barrow since 2009, are still trying to defend now who it was that lost what money....

Originally Posted by peckstar

The government knew this. No guarantee anything else was going to give a better return either. they try major events, sometimes they win and sometimes they dont, But thats what we ask them to do

I thought we were told by the Messiah, Mr Cochrane, right from 2009 that there was no risk, a V8 race at Homebush would be bigger than Ben Hur, the series would be swung even higher in the "order of Australian sport popularity"

Originally Posted by Umai Naa

Perhaps it's time for the NSW Government to ruffle some feathers within the ARDC, to ensure a V8SC event will be successful at SMP? More big tellies, shade structures, improved public transport to and from the venue, knock some heads together to fix the parking, do whatever it takes to get the punters on board.

The V8 race at SMP has nothing to do with the ARDC, i'm not sure why they would want to involve themselves in running a V8SC event anyway given its almost a guarenteed loss maker this days without significant government backing (which Homebush proves doesn't even help in Sydney's case)

[Langers]

Putting the economics aside for just one moment, if the event were to disappear, I personally would feel it is a loss. The first few year I attended whilst living in Sydney were fantastic. Good racing, fans close to the track, good viewing at turn 1 (inside and outside), and outstanding facilities and public transport for a race track. No permanent circuit even comes close. Add to that the concerts, motor shows and V8SC paddock access, and it was a great day out, even in the pouring rain.

I think the circuit itself, drainage issues aside is adequate. Certainly a challenge and takes a lot of commitment and physical fitness from the drivers to get through the Sunday race in particular in a Sydney December summer. Plenty of changes to pass, into 1, 2, and at the Novotel. The fact that it punishes mistakes is a good thing, unless you happen to get punted off by a Wood/Tander/SVG type.

Really don't understand why so many people are so critical of the event and circuit - again, economics aside.

If you were to move the season finale to SMP it would be a 'nothing' event and public access there is woeful unless you can drive.

[mayhem]

Originally Posted by 275 GTB-4

No support for the ACT?

Oddly, I'd sooner go to a Canberra round than a Gosford round. Good memories from the old Canberra round.

[Axeman444]

Originally Posted by peckstar

No, thats not the way it works.

If You give me $1 and I give you $1.10 back you have gained money, even if i promised you $1.20

It didnt lose money for the NSW government

You're assuming they got $1.10. Got anything to back either of your statements up?