Was the Grand Prix Benificial for Melbourne

Was the Grand Prix, promoted as 'The Great Race' which was
held at Albert Park beneficial for Melbourne, or was it just
a huge waste of taxpayers money? The race was televised to
650 million people in 130 different countries is expected to
pump $50 million into the Victorian economy every year and
boost tourism enormously.
I along with the owners of seventy-two percent of hotels, motels,
restaurants and other entertainment complexes agree that
Albert Park having the Grand Prix will have a positive impact
on business. Infact it pumped $10 - $15 million into local
business. …