SINGAPORE BIDS FOR F1 STREET RACE

mad.obsessionz SG

hahaz most probably they will do it near the marinabay side and go all the way to the city and back... and it might be true cos the gov want the 2 casino up by 2009... hahaz if that happens sg racin will be damn happenin cos they will need to come up with money to maintain... which means that clubs can come together and organise a racin event... no need to go until sempang liaoz

mad.obsessionz SG

oh and btw did you know the goverment is tryin to attract more tourist to singapore??? after all thier gonna go that clear water thing and hey since you already have power boat racing might as well have f1 rite… plus we have 2 6 star hotels but so little vistiors… soon even the ritz will gain back thier startin capital and get their arse5 outta here… so i mean there could be a possiblity… god know what the EDB are lookin into now… but you all know singapore… talk talk talk…. research for donkey ages already then do sth… its always like that….

Gazelle SG

Didnt you see our minister checking our Sauber booth when they were here doing their road show. As far as I can see, the writing is already on the wall, and F1 website are already talking about it and of course bernie will try very hard to denie it.

Lets hope George Yeo and gangs will push for it, if they succeed it will be another feather on their hat.

junh SG

Ecclestone dismisses Singapore talk
I think somebody mentioned it - Ecclestone

The proximity to Sepang would not be an
issue according to Bernie Ecclestone

Singapore looks to be no closer to hosting a Grand Prix despite reports in recent weeks that plans were afoot to bring the Formula One championship to the country.

I think somebody mentioned it, but we get people mentioning 'What about a race here and a race there', but (they're) not people who could really do anything, anywhere, Today Online (Singapore) report Ecclestone as saying. "We have a calendar of events, a restriction of 17 races. Now we've got 19 races, which I've got to try to reduce to 17.

With Mexico and India expected to host a Grand Prix in the next few years, A Grand Prix in the Republic of Singapore seems an unlikely prospect under the current Concorde Agreement.

Earl ALEXANDER
© CAPSIS International

SBS9611D SG

Wow, an Indian GP. Will there be fewer races in Europe? The current F1 calender is already jam-packed.

mad.obsessionz SG

... anywayz even if no f1 we still can ask f3 or sth like that rite… i mean soon we’ll have all a casino nearby which will also mean lodgin plus how long can two casino survive with our small population…. the goverment must still have sth planned….

AE86tofu SG

well there is still champcars,touring cars and even F3….and y not charge ppl a small track fee for using the circuit by laps? just like the nurburgring…and i can say with that circuit those speedsters have no excuse 4 speeding liao and the penalties will be even more severe…as the govt will say “we got a circuit…y dun u do yr fancy stuff there instead of the rd?” i think that will really help in decreasing the no. of illegal racing etc…heck we can even hold our own leagues here

Gazelle SG

Thats provided that Gov relax the rule of modification. I dont see what is the point of driving in the circuit if your cant mod your car? e.g slick tyres, mod exhaust and upgraded turbo etc.

tailslide SG

i dun need to pay 100k for a weekly 2 hr track session. heck, i dun even play golf and personally wouldn't paying that kinda money to whack little white balls over huge grass patch. for every person who pays 100k for a membership, theres probably 20 other guys like me who own a car and can afford to spend on track sessions. this is economy of scale. moreover, how many golf courses in sg can support world class golf events and how many of these events are actually happening in sg? we can hold F1 competitions using just one circuit and how much land does that take up compared to the number of golf courses?

u enjoy tax rebates if the government deems the totality of the good in ur investments outweighs the gains the government can reap by taking a slice of ur profits. u think government give tax rebates for 3rd, 4th child policies because u are making money? business sense as u have put it is only reflected as ur own opinion as far as it goes now.

recreational land in sg is largely private funded. why do u think sentosa lasted as long as it does now? i think anyone who has been there can see for themselves how big that piece of land is and how many $2 per entry they are earning. enough to support the rental of that huge piece of recreational land? obviously, any person with a sound business mind would consider the impact of any investment on the infrastructure it can capitalize on. hotels, resorts, entertainment hubs can sprout from a calculated business move. looking only 6 years ahead won't get u anywhere and from what i see, u have limited ur own imagination.

Originally posted by Gazelle:
Before you take any risk, you must first ask why you want to take such a risk. If I can host a F1 race with just $50m investment on a street circuit, then why do I want to take UNNECESSARY risk to invest in the $380 million project that generate almost the same returns. Calculated risk? I think this is suicider.

risks are a necessity in any business. ur claim of that risk being unnecessary is primarily based on ur self perceived concerns. of course, anyone is entitled to their own opinions, but i wouldn't go as far to say that a project to build a circuit is deemed to be doomed to failure. this was probably one move our government missed out on then and regretted now because they had ppl who had the same mentality as u.

Gazelle SG

Originally posted by tailslide:
[b]i dun need to pay 100k for a weekly 2 hr track session. heck, i dun even play golf and personally wouldn't paying that kinda money to whack little white balls over huge grass patch. for every person who pays 100k for a membership, theres probably 20 other guys like me who own a car and can afford to spend on track sessions. this is economy of scale. moreover, how many golf courses in sg can support world class golf events and how many of these events are actually happening in sg? we can hold F1 competitions using just one circuit and how much land does that take up compared to the number of golf courses?b]

How much are you willing to pay for your track session?

tailslide SG

i pay $150 for a 3 hour session at SIC w/o transponder. i reckon paying anything less than $200 in sg would be reasonable considering the amount i would save on toll and petrol Mr. Green

shade343 SG

Fighting with Thailand for their Pink Dollars Laughing

Gazelle SG

Originally posted by tailslide:
[b]u enjoy tax rebates if the government deems the totality of the good in ur investments outweighs the gains the government can reap by taking a slice of ur profits. u think government give tax rebates for 3rd, 4th child policies because u are making money? business sense as u have put it is only reflected as ur own opinion as far as it goes now.[b]

If your investment doesnt make any profit, what tax benefit do you get? Tax only coming in after PBT isnt it? That is the same as if you are not working or paying income tax, what benefit do you gain from having 3rd 4th or 5th children?

There is no question about the indirect benefits from having a race circuit. But the BIG question is WHO's money are we going to use to fund it? For every race car fans out there, there is at least 15 singaporeans who dont give a damn about about it. So do you think it is right to use our tax payer money to fund this project?

Gazelle SG

Assuming the cost of constructing a F1 circuit plus 15 years land lease is $350m. Your annual depreciation is $23m per year or $2m per month. At $200 per pak, you will need about about 10,000 pak per month to breakeven.

tailslide SG

rebates can be given on the onset to woo investors. are u saying gov will ask u 2 pay them back money even if they dun make money at the end of the day? the benefits to either parties will only take effect much later and we are only concerned if this would be a plus factor for investors to consider in the event this plan falls through.

i'm not saying its fair for tax payers to fund this project. there are several projects out there that are funded by tax payers which IMO is unfair by any measure. then again, i'm quoting sentosa as a means to show that a project like this will not always be something with non tangible benefits. its really a matter of how u play ur cards rite.

tailslide SG

thats excluding the other revenue that u can reap from holding major events and local races. why do u constantly omit to mention such things? Rolling Eyes

Gazelle SG

My imagination is limited by Bernie's contract to allow you to host F1. I guess 6 years is probably the maximum. Without F1, it is just as good as DEAD!

The reason why businesses in Sentosa are surviving is because it can operate 27/7/365 and it offer all sort of recreation and entertainment that cater for people from all walks of life.

A race circuit is not a tourist attraction by itself and you need international events to attract tourists and visitors. How many international race event are there that can attract a capacity crowd of 100,000? From those Asian GT races that I watch on TV, I think the maximum is probably around 5000 people.

Gazelle SG

How major is major? 100,000 spectators? $100 per ticket?

Local race? 1,000 spectators (about the size of kallang carpark race?) $100 per ticket?

tailslide SG

i think if thats the case, there'll be another dozen dead circuits by the end of this decade when the existing contract holders run out of time.

yes, sentosa operates 27/7/365 but what is the number of ppl that visit it versus the number of businesses and land area it currently boasts? if it can survive, i dun see y a dedicated world class circuit couldn't. at the end of the day, i think u shd not isolate the existence of the support we can garner from our neighbouring countries who have can now have accessible means to boost their motorsports events.

tailslide SG

wat about media coverage and the royalties that espn pays to have exclusive coverage from each event? what about the sponsors who wants to have a picture of their products splashed on the tracks and shown to the world during each commercial?

the possibilities are endless if one uses his imagination more and the fact is that u have conveniently left these considerations out of sight.

local support at kallang races are simply the tip of the ice berg. how much advertisment is in place to ensure sufficient participation from crowds as compared to having a race in a dedicated circuit?

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