F1 Grand Prix: extracting private profit from a public park in Melbourne
The Melbourne F1 Grand Prix has already delivered another bill for Victorian taxpayers. The discovery of asbestos contamination during works in Albert Park has left taxpayers on the hook for a costly clean-up, adding to the already eye-watering public subsidy required to host the race. It’s a fitting prelude to an event that has spent decades running up losses for the state, and months of noise and disruption for local residents.
