Grand Prix Economic Impact Assessment

Ernst and Young will undertake a comprehensive economic impact assessment of the 2011 Australian Formula One Grand Prix.

Minister for Tourism and Major Events Louise Asher said the Australian Formula One Grand Prix provides significant benefits for Victoria including the economic gains of attracting interstate and international visitors to the event, as well as encouraging future tourism and business investment by raising the profile of Melbourne and the state of Victoria.

The Brumby Labor Government re-negotiated the Grand Prix contract that was initially signed by the Kennett Government.

Melbourne is contracted to host the Australian Formula One Grand Prix until the end of the 2015 event.

2011 Australian F1 Grand Prix Melbourne

Boutique serviced apartment accommodation in Melbourne’s CBD, Metro Apartments on Bank Place provides 4-star Studio and One Bedroom Apartments with easy access to the business end of Melbourne city with the “New York” end of Collins Street and and a large variety of restaurants, bars and Melbourne’s famous Bourke Street Mall, Southgate complex, Crown Casino and South Bank Promenade, all within walking distance.

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Metro Apartments on Bank Place
Address: 18 Bank Place, Melbourne VIC 3000 Phone (03) 9604 4321
Fax: (03) 9604 4300

First the Ashes…is the Australian F1 Grand Prix next???

The English are about to head home with the Ashes and next on the list is the Australian F1 Grand Prix in Melbourne.

The event has been won by an Englishmen for the last 3 years. Jenson Button won in 2010 and 2009 and Lewis Hamilton took the honours in 2008.

So will an Englishman take home the checkered flag in 2011?

Let us know your thoughts. Post your comments now.