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Government Investment in V8 Supercar Racing at Sydney Olympic Park
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Overview
We recognise that the event was prepared in a tight timeframe, attracted a large crowd and was proclaimed a success by the Premier. However, we concluded that: Government received inadequate advice when assessing the proposal and post-event analysis indicates that costs are more than planned and that economic impacts are less than estimated largely because of fewer visitors from interstate.
Parliamentary reference - Report number #202 - released 23 June 2010