IAN DE COTTA
F1 draws about 40,000 foreign visitors during the race weekend and many are heavyweights of top global companies who splurge on the economy.
From today until Sunday the decibels around the streets of Marina Bay will rise to a screeching pitch. And all these screaming sounds of the most costly race engines high technology has produced will congregate there for the F1 — the pinnacle of a racer’s career. This is the eighth year running Singapore is playing host to the three-day Formula 1 world championships, motorsports premier racing series.
Including hosting rights, the bill to stage this race is a hefty S$150 million. In the run-up, traffic in the business district is also reduced to a crawl at peak hours as roads are realigned, barriers erected, heavy-duty lights mounted — since it’s one of the night races in the world — and grandstands constructed as well. Add to these that good seats in the house are out of reach of the average person, it begs the question: Why are we doing this? But the costs and inconvenience are often seen in isolation and this is unfortunate. Read the full article here
This commentary first appeared in six-six.com