Last Sydney 500 at Homebush in 2016... Will Gosford Replace It?

[D.R.T.]

And what is the legacy or what is to show for the $60 + million that were poured into the Homebush circuit?

[peckstar]

Originally Posted by D.R.T.

And what is the legacy or what is to show for the $60 + million that were poured into the Homebush circuit?

Not sure why it needs one?

[velly4]

Originally Posted by peckstar

Whats wrong with both. NSW government has invested millions in SMP and Mt panaroma and lesser millions in street races

Are you serious?

You are comparing a street race that never ran at a profit and also left with nothing for the money invested with 2 permanent facilities, one which runs at a profit and the other provides huge income to a regional community, both of which retain an actual asset of value.

[D.R.T.]

Originally Posted by peckstar

Not sure why it needs one?

This says it all

[peckstar]

Originally Posted by velly4

Are you serious?

You are comparing a street race that never ran at a profit and also left with nothing for the money invested with 2 permanent facilities, one which runs at a profit and the other provides huge income to a regional community, both of which retain an actual asset of value.

You've taken me out of context to what i was replying too from Chavez

I did not compare them.

[velly4]

Originally Posted by peckstar

You've taken me out of context to what i was replying too from Chavez

I did not compare them.

I have not taken you out of context. You don't have an issue with spending millions on a temporary structure that is worth nothing at the end.

[peckstar]

Originally Posted by velly4

I have not taken you out of context. You don't have an issue with spending millions on a temporary structure that is worth nothing at the end.

yes you did, because I did not compare them.

They are different, street races and permanent circuits have different goals. The Vic state government dont spend millions of dollars on the melbourne GP to support motorsport or formula 1, they spend it for the economic benefit it brings to Melbourne

And no I don't mind the government spending $1 Billion dollars on things worth nothing at the end if it gives us 1.5 Billion of benefit
Neither does anyone in their own life. We spend thousands on cars ,worth nothing or minimal at the end, but it gives us a benefit so we buy one.

Same with going to a restaurant. We could stay at home and spend a couple of bucks on a nutritious meal or sometimes we go to restaurants and spend 10 times the amount

[mayhem]

Originally Posted by peckstar

And no I don't mind the government spending $1 Billion dollars on things worth nothing at the end if it gives us 1.5 Billion of benefit
Neither does anyone in their own life. We spend thousands on cars ,worth nothing or minimal at the end, but it gives us a benefit so we buy one.

Whats your opinion on governments spending cash on events that constantly lose money and fail to meet many (any?) of the supposed marks when events were first mooted?

[peckstar]

Originally Posted by mayhem

Whats your opinion on governments spending cash on events that constantly lose money and fail to meet many (any?) of the supposed marks when events were first mooted?

Its not about the NSW government losing money, they always were going to lose money. It was about the community receiving a greater benefit than the government payment. In this case the benefit appears not to have been as great as expected, but that doesn't mean there hasn't been a benefit, greater than the payment. From what we understand the government was happy with the benefit and are looking to have a street race elsewhere in NSW so that the benefit can go there

However other street races have shown that the benefit is achievable Clipsal constantly shows that steet races work. Gold coast has been going over than 20 years. Melbourne over 20 years. All over multiple governments.

The loss making you talk about is for V8 supercars, they don't receive a benefit when the community gets a benefit so they have to decide if they are getting a benefit for the loss they record, Clearly in this case the benefit was not that good

[D.R.T.]

Originally Posted by peckstar

From what we understand the government was happy with the benefit and are looking to have a street race elsewhere in NSW so that the benefit can go there

Keen to understand this further. Where is this understanding?

Originally Posted by peckstar

The loss making you talk about is for V8 supercars, they don't receive a benefit when the community gets a benefit so they have to decide if they are getting a benefit for the loss they record, Clearly in this case the benefit was not that good

Didnt they take a substantial cut of the government $$$$ via sanctioning fees?

[mayhem]

Originally Posted by peckstar

Its not about the NSW government losing money, they always were going to lose money. It was about the community receiving a greater benefit than the government payment. In this case the benefit appears not to have been as great as expected, but that doesn't mean there hasn't been a benefit, greater than the payment. From what we understand the government was happy with the benefit and are looking to have a street race elsewhere in NSW so that the benefit can go there

No one from the government has given any indication that they are 'happy with the benefit' and are looking elsewhere. The only people looking elsewhere are V8 Supercars, Mark Skaife and the usual line up of vote seeking local members.

Originally Posted by peckstar

However other street races have shown that the benefit is achievable Clipsal constantly shows that steet races work. Gold coast has been going over than 20 years. Melbourne over 20 years. All over multiple governments.

And others have struggled to turn any kind of substantial return on investment worthy of continuing funding, namely Canberra, Hamilton and Homebush.

[Axeman444]

No go for Gosford:
http://www.speedcafe.com/2016/07/07/...upercars-race/

[mayhem]

More here

Next stop: Newcastle Council chambers it would seem. It appears as though V8SC wants a final round in NSW, not sure what they'll do if/when Newcastle knock them back.

[D.R.T.]

Hard to argue with the logic presented by the local council.

[Tourer]

My apologies - dreaded double post with a slow connection.

[Tourer]

I could never see how or where a street race would work with Gosford's physical layout and it seems that neither could the council. Massive local traffic disruptions don't tend to get the locals on side. At places like Adelaide, Albert Park or many other tracks, whilst there is disruption its not massive as there are other ways around the area. Gosford's physical layout would make that hard to deliver.

I understand that Newcastle has been an option for some time and it probably makes more sense on a number of levels. With Destination NSW on board, the council investment would be lower and I guess it'll be a case of how that all stacks up.

[Alan52]

It appears that the level of funding the state government is willing to put in does not make a street race in NSW a viable proposition.Supercars seems to be chasing additional funding from local government.Don't think councils have this amount of money to speculate with.

[D.R.T.]

Its amazing the State Government would even want to still contribute considering the lack of success with Homebush

[peckstar]

Originally Posted by D.R.T.

Its amazing the State Government would even want to still contribute considering the lack of success with Homebush

State government are happy with their level of funding compared to the benefit they get. They like motorsport and street races and see the benefit

Its not the state government moving it away from homebush, its the promoters

[Mixer]

Originally Posted by D.R.T.

Its amazing the State Government would even want to still contribute considering the lack of success with Homebush

Of course if one thing doesn't work you immediately stop trying, because nothing else can possibly work...

[D.R.T.]

Originally Posted by Mixer

Of course if one thing doesn't work you immediately stop trying, because nothing else can possibly work...

7 years of trying? Might be something in that.

[Mixer]

I think something that is important to note for Victorians is that these regional centres in NSW & QLD are far more economically strong than ours in Victoria, and they are more apt to support such an event.

Even in my line of work, almost nothing comes out of regional Victoria yet regional NSW and increasingly regional QLD generate quite a lot of business.

[peckstar]

Originally Posted by Mixer

I think something that is important to note for Victorians is that these regional centres in NSW & QLD are far more economically strong than ours in Victoria, and they are more apt to support such an event.

Even in my line of work, almost nothing comes out of regional Victoria yet regional NSW and increasingly regional QLD generate quite a lot of business.

Really, are your lights working?

But yes your point is fair

Victoria has two towns/regions in Australia's top 15 largest towns . Melbourne at No 2 and Geelong at 13

NSW has 5
QLD has 5

Perth , Adelaide and Hobart are the others

Link to data

[Mixer]

Originally Posted by peckstar

Victoria has two towns/regions in Australia's top 15 largest towns . Melbourne at No 2 and Geelong at 13
NSW has 5
QLD has 5

That is indeed very interesting.