{"id":8410,"date":"2010-09-16T07:28:14","date_gmt":"2010-09-16T11:28:14","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=8410"},"modified":"2010-09-16T07:28:14","modified_gmt":"2010-09-16T11:28:14","slug":"australian-government-defends-huge-f1-race-loss","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/australian-government-defends-huge-f1-race-loss\/","title":{"rendered":"Australian government defends huge F1 race loss"},"content":{"rendered":"<p>The state Victorian government has defended its record spending on the Australian grand prix.<\/p>\n<p>It emerged on Thursday that now with an almost $50 million loss annually, the Melbourne race in 2010 cost taxpayers more than double the bill of just four years ago.<\/p>\n<p>An independent MP called the figures &#8220;embarrassing&#8221; and &#8220;outrageous&#8221;, but major events minister Tim Holding said formula one is worth it.<\/p>\n<p>&#8220;The economic benefit to Victoria far outweighs the cost of staging the grand prix,&#8221; he is quoted by The Age newspaper.<\/p>\n<p>Albert Park is contracted to stay on the F1 calendar until at least 2015.<\/p>\n<p><em><span style=\"color: #c0c0c0;\">\u00a9 RIF | GMM<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state Victorian government has defended its record spending on the Australian grand prix. It emerged on Thursday that now with an almost $50 million loss annually, the Melbourne race in 2010 cost taxpayers more than double the bill of just four years ago. An independent MP called the figures &#8220;embarrassing&#8221; and &#8220;outrageous&#8221;, but major &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[1100,5262,5340],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/8410"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=8410"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/8410\/revisions"}],"predecessor-version":[{"id":8411,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/8410\/revisions\/8411"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=8410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=8410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=8410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}