Time to wave chequered flag on the Grand Prix


The Victorian Greens have slammed the state government’s decision to extend the Albert Park Grand Prix to 2025.

It will now cost Victorians over $350 million to stage the Grand Prix until the end of the current contract. 

The costs to stage the Grand Prix has skyrocketed from less than $2 million when it was first held in 1996, to around $4 million in 2000 and now around $60 million today.

Despite numerous demands by state parliament the government refuses to release the Grand Prix contract or conduct an accurate count of its attendance.

Quotes from Sam Hibbins MP, Victorian Greens spokesperson for Major Events:

“The Grand Prix has had its day. Every year the state government sends millions of dollar down the drain while turning Albert Park into construction site for months.

“With so many pressing needs in our state, from homelessness to protecting our environment, this massive expense & disruption can no longer be justified.

“It’s time to wave the chequered flag on the Grand Prix at Albert Park."