Good news. More f1 in Singapore!
If you work in Marina area/open shop there. You will give different comment!!
Cheebye the minister dont dare to announce the fee. Is public money why cover up the cost???
Please tell the fucker to resign.
Any comment!!???
Don't be self centers. Singaporeans as a whole benefit
Contractor for temporary barrier and lighting was the most happy person. PIC gov/minister in charge get a cut out of it.
SG benefit??? Very funny it from tax payer money.
If private company bid for it I dont care.
LTA can only support for road close at FOC but all other cost bear by private fund.
Please dont use PUBLIC/tax money to fund the F1.
http://motoring.asiaone.com/Motoring/News/Story/A1Story20120922-373145.html
150 million per race excluding other costs but 140 million on revenue, average. -10 million. No calculation for lost on traffic disruptions and lost businesses for shops that lost customers, opportunity cost of resources deployed for this event. First class businessmen in the PAP?
If you work in Marina area/open shop there. You will give different comment!!
Bernie Ecclestone has really got SingaporeGP and the MIW by the balls.
He is already receiving an annual race fee of $12m from the organizers. A small amount compared to others.
Clearly the government think the benefits outweigh the costs.
Abu Dhabi is paying at least $40m to host its race.
Suntec, Marina Square and Millenia Walk shopping areas are ghost towns during this event.
Cover for money laundering, tax havens and seedy deals like the pirate port Singapore is, yes.The F1 night race is a big SG advertisement to the whole world. The money gonna back via the race itself and some loss opportunity is nothing compared to the intangible benefits it brings in the long run
Ghost town? The Pinoy maids and Bangla lads must love it. I'm sure they'll be doing hanky-panky stuff at the Suntec rooftop garden during the F1 weekend.