Impact of holding F1 in S'pore
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I would. Lots of Frenchmen, Monagasques, Irish, South Africans, Australians and Long Beach residents would too for their asphalt rallies and street circuits. So what's your problem with that?
Besides there are no houses involved in the area to be used for this race. Yes, I'm exasperated.Originally posted by phber:Can I hold the F1 event outside your house (or workplace), closed all surrounding roads, divert all bus services, subject you to security checks every day you arrive home after work (or every morning when you arrive at work)? And have thousands of people arriving in your neighbourhood, lots of litter, noise from the crowds and event till late nights?
Compare F1 to those 7th month getai, I think those getai is nothing. -
Just try to imagine F1 season is like typhoon or snow storm in other countries lor, where road need to close for a few hours.Originally posted by phber:Can I hold the F1 event outside your house (or workplace), closed all surrounding roads, divert all bus services, subject you to security checks every day you arrive home after work (or every morning when you arrive at work)? And have thousands of people arriving in your neighbourhood, lots of litter, noise from the crowds and event till late nights?
Compare F1 to those 7th month getai, I think those getai is nothing.
honestly, unless if you are telling me that you are living in suntec city, which is unlikely because there is no residential area around the proposed track area, otherwise why are you so worry? You mean you cant stay away from the Marina area just for a weekend? -
Originally posted by Gedanken:The financial viability of holding an F1 race in Singapore is not a given thing - it's up to the powers-that-be to manage it properly and make some money out of it.
Good question, down to earth,Originally posted by Joshua1975:so many points are bring out in here?
as of topic, IMPACT. i am only thinking do i have to subsidies the event in any form? as the ball are push to the private sector now, do they want it? if yes, the fund to get the race on and running. they have to pay for it. it bring in the money for them and i think they will, but if i need to subsidies the event and it do not bring in the money for me, why should i?
I am not convinced if F1 is a SPORT we should promote, to say that F1 technology is subsequently commercialized for the general motor industry is BS, but for the sake of money, may be we should just accommodate.
So, as the Malaysian estimated, RM300 - 500million will flow into the retail, hotel and other tourist market in general, and if we don't have to spend over RM 285 million to built the circuit, then yes, good business. Besides, with F1 the condos and apartment around the marina area will rise further, to 5000$ psf or higher, the shops houses in the area hopefully can expect better business. But who will pay to bring in the race in, who pays for the royalty....I know, Petronas paid most of the bills in KL.
If Singapore can charge a rental fee for the venue, the F1 organiser makes from the royalty, tickets sales, booth rental... and the tourist industry makes from the expenses outside the actual event, then we should consider.
In the end, if it is just increasing the popularity of Singapore, then we may as well build a few more stadiums and host World Cup soccer, Asian Games, World Golf Match Play, increase the prize money to make Singapore Tennis Open on par with the Australian Open and French Open......I am sure Singapore will be better known in the world. -
Even if ASEAN is willing to make a join bid for the world cup, it will probably cost each nation a few hundred millions to build new stadiums, which will only be used 3 or 4 times throughout the whole event, and if we are lucky enough we will get only get to host that event once every 50 to 60 years.Originally posted by sgdiehard:Good question, down to earth, I am not convinced if F1 is a SPORT we should promote, to say that F1 technology is subsequently commercialized for the general motor industry is BS, but for the sake of money, may be we should just accommodate.
So, as the Malaysian estimated, RM300 - 500million will flow into the retail, hotel and other tourist market in general, and if we don't have to spend over RM 285 million to built the circuit, then yes, good business. Besides, with F1 the condos and apartment around the marina area will rise further, to 5000$ psf or higher, the shops houses in the area hopefully can expect better business. But who will pay to bring in the race in, who pays for the royalty....I know, Petronas paid most of the bills in KL.
If Singapore can charge a rental fee for the venue, the F1 organiser makes from the royalty, tickets sales, booth rental... and the tourist industry makes from the expenses outside the actual event, then we should consider.
In the end, if it is just increasing the popularity of Singapore, then we may as well build a few more stadiums and host World Cup soccer, Asian Games, World Golf Match Play, increase the prize money to make Singapore Tennis Open on par with the Australian Open and French Open......I am sure Singapore will be better known in the world. -
well i wouldn't.Originally posted by Kuali Baba:I would. Lots of Frenchmen, Monagasques, Irish, South Africans, Australians and Long Beach residents would too for their asphalt rallies and street circuits. So what's your problem with that?
Besides there are no houses involved in the area to be used for this race. Yes, I'm exasperated.
not if it causes inconvenience to me and no benefits.
there is talk of greater good and tyranny of the majority, that might be a valid argument, but then thats just each individual's way of thinking and values.