
Melbourne has the hype of the Grand Prix this weekend, when petrol heads from around the country descend on our fair town for some thrills and spills. The event is a highly subsidised marketing program designed to build the profile of Melbourne internationally and, along the way, inject some dollars into the local economy. There is always heated debate about the merits of hosting this event. The suggested cumulative $622m cost to tax payers since the circus began in the mid 90’s in Melbourne means that the event represents a huge ‘opportunity cost’ to the communities of Victoria what ever way you cut it.

