The Formula 1 competition is a global multi-billion-dollar operation but it doesn't come to Melbourne for free. Governments pay tens of millions of dollars for the right to host the race - money critics say could be better spent elsewhere.
The ABC's Iskhandar Razak takes a look at the cost of staging the event and the economic benefit.
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The ABC's Iskhandar Razak takes a look at the cost of staging the event and the economic benefit.
Subscribe: http://ab.co/1svxLVE
Read more here:
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
