Edmonton Post Mortem

[TedN]

Good reading (http://www.edmontonsun.com/Sports/EdmontonGrandPrix/2005/07/19/1138028-sun.html)

Ted

[cameraman]

The stands themselves cost $40 per seat :eek: :eek: :eek:
Damn, that is not cheap.

[Don Quixote]

The stands themselves cost $40 per seat :eek: :eek: :eek:
Damn, that is not cheap.
For a 2000 seat grandstand, that means that it costs $80,000 for rental of the materials, plus labor to put them up and tear them down, plus transport and storage costs. Seems high to me, but what do I know?

[cameraman]

Remember that is Canadian $$$ and you also have to factor in the cost of hauling them a couple thousand miles to Edmonton.

[TedN]

Here is a corner worker's perspective of the event and facilities.

Link (http://www.ten-tenths.com/forum/showpost.php?p=1358661&postcount=78)

Ted

:thumbup:

[jonovision_man]

The numbers are interesting (to a business-head like myself).

$15M budget

90% recovered = $13.5M

Loss of $1.5M.

But - $3.5M in one-time expenses.

Same revenue in 2006 with the $11.5M budget they'd need = $2M profit

Same revenue in 2006 + $3.2M extra in sponsorship he expects = $5.2M profit.

Showing their balance sheet to other potential promoters - priceless :D

jono

[coolhand]

The numbers are interesting (to a business-head like myself).

$15M budget

90% recovered = $13.5M

Loss of $1.5M.

But - $3.5M in one-time expenses.

Same revenue in 2006 with the $11.5M budget they'd need = $2M profit

Same revenue in 2006 + $3.2M extra in sponsorship he expects = $5.2M profit.

Showing their balance sheet to other potential promoters - priceless :D

jono


I thought they said they would turn a profit after the first year

[jonovision_man]

I thought they said they would turn a profit after the first year

I don't recall that being said... not saying they didn't, I just don't recall it.

jono

[NismoZ]

Yes...AFTER the first year. (There was some speculation earlier when suite sales were going so well they COULD turn a profit IN the first year. Close enough, I say, and all bodes well for the future!)

[coolhand]

Yes...AFTER the first year. (There was some speculation earlier when suite sales were going so well they COULD turn a profit IN the first year. Close enough, I say, and all bodes well for the future!)

sorry i meant IN the first year but i could be mistaken by these words.

so either next year or ths year (i did not think about that).

either way its good news

[Andrew Longman]

"In all of Canadian Champ Car history - 20 years of the Molson Indys in Toronto, 11 in Vancouver and three in Montreal - Edmonton's series debut beat them all every which way to Sunday when Sebastien Bourdais took the checkered flag. "

Really? I did not know that :)

"That's the crazy thing about this. Next year is going to be far more successful than this year even if it isn't as successful."

Yup. Nothing like when a sound plan comes together.

I'll make the pitch again. On the airport in Atlantic City. If they can succeed on the plains of western Canada with a (albeit huge) mall sponsoring them, they they ought to be able to do well smack in the middle of millions living on the eastern seaboard with Casino sponsorship. :D

[dando]

Here's David Phillips' take on the Edmonton event:

http://speedtv.com/commentary/18290/

As I was watching the race Sunday, I was thinking Chicago. They've got to do this @ Chicago. I still want to see RA, MO, and LS back on the schedule, but it really seems like airports events are a winning formula. Too bad the Amigos couldn't get their hands on St. Pete before Fonda got it's grimey mits on it.

-Kevin

[cameraman]

I has always hoped that the could somehow make this work...

http://homepage.mac.com/datkinso/.Pictures/Floydbennett.gif

Floyd Bennett Field in Brooklyn, NYC


:cool:

[coolhand]

good luck trying to get attention in New York

[Rogue Leader]

good luck trying to get attention in New York

Its pretty sad that here on Long Island is the birthplace of Champ Car racing and the closest race to us is in freeking Montreal....

[coolhand]

Its pretty sad that here on Long Island is the birthplace of Champ Car racing and the closest race to us is in freeking Montreal....

I am not in anyway familiar with that Area, but there is a big population and do you think a race targeted at Long Islanders would do well?

[cameraman]

Brooklyn is on Long Island

[Andrew Longman]

I don't know floyd bennett field well but if they can close it down for a week it makes it a candidate.

I would prefer a site NOT on or near Long Island though. The chief problem is that for 3/4 of the NYC metro area it is almost impossible to get to because they must drive through NYC to get there. Long Island has basically one way on and one way off and if you live in NJ, CT, Westchester Co, even the Bronx and Manhattan, it is a haul, especially if you can't get there by mass transit (many NYers don't own cars because it makes no sense)

Second, and no slight meant to the many fine Brooklynites including my mentally ill Greek in laws, the thought of traveling through the city to Brooklyn is not appealling in the least for many.

On the other hand, much of NY, NJ, Philly and Baltimore empties into Atlantic City on a regular basis. AC can be a pretty nasty place too, but anything attached to the casinos puts people at ease.

3-5 Dinger wins the next race?

[cameraman]

It really isn't all that hard to get to.

Hell living in Jersey you would have it easier than most, come across the Verrazano Narrows Bridge onto the Belt and get off at Flatbush Ave, done.

If you live north in NY or CT you take the Hutch just like you were going to JFK but you turn right onto the Belt and get off at Flatbush Ave.

By NYC standards it is easy to drive to, even more so on a Sunday.

[Andrew Longman]

It really isn't all that hard to get to.

Hell living in Jersey you would have it easier than most, come across the Verrazano Narrows Bridge onto the Belt and get off at Flatbush Ave, done.

If you live north in NY or CT you take the Hutch just like you were going to JFK but you turn right onto the Belt and get off at Flatbush Ave.

By NYC standards it is easy to drive to, even more so on a Sunday.

"By NYC standards" is the key point. Easier yes than driving and parking at Madison Square Garden, but then I can take a train from my house to MSG too.

I drive to Bay Ridge a dozen times a year to visit the in laws. I drive to JFK about the same. Just getting across Staten Island can be a crapshoot. It can take 15 minutes or 90.

But my point is really different than that. Right or wrong Brooklyn is not seen as a desirable destination for most of the 13 million people in the NYC area. Too many will not see the benefit of fighting bad roads, tolls and traffic just to wind up in Brooklyn. It flat out scares people.

Think Gary IN. Would people in Forest Hills drive through Chicago just to wind up in Gary? They didn't go to Cicero

AC on the other hand is different. Seeing Donald Trump on TV telling you to drive or hop on mass transit to have some fast times with fast cars in AC will be happliy received by many, many people.