It is good news that F1 has been extended by another five years. After so much money has been spent during the first 5 years, it would be a waste if the race is stopped. http://www.todayonline.com/Sports/EDC120922-0000074/Singapore-Grand-Prix-contract-extended-until-2017
The estimated increase in tourist spending is $150 million a year. The cost of organizing the race is stated to be $150 million, of which the government pays 60%. I have checked and this is the cost for each year's race. So, we are spending $150 million to get $150 million in tourist revenue.
The estimated increase in tourist spending is $150 million a year. The cost of organizing the race is stated to be $150 million, of which the government pays 60%. I have checked and this is the cost for each year's race. So, we are spending $150 million to get $150 million in tourist revenue.
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