Quote:
Originally Posted by Trevor
Let's see if it happens first - gonna need more than the figure they are quoting - just look at the $110m spent at Tailem Bend
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A big chunk of that $110M would have gone into the 100 bed hotel - not something that Mildura have in mind as far as I am aware.
Before TB the last circuit built was QR - it cost $9.3M in 1999, which in todays dollars is around $22M, so to build a 3.2km track with equivalent facilities would cost the same (excluding land cost) as a ball park estimate.
What the EOI will do is tell the council how much of the building cost they will have to wear to get an investor on board. A very necessary step.