Not unless there was a real prospect of a financial return If private investors want to build the circuit of wales and put their money on the line they have my 100% support What I don't like is tax payers money being spent on a vanity project of dubious economic advantage for the country as a whole - yes it may well benefit Wales but any benefits there would be offset by costs elsewhere
There's a job as top investment advisor at Aviva Investors for you then Ken, you could save them a fortune! You know, even though they've got all that experience investing in Welsh developments and infrastructure from before they were even called Aviva (Norwich Union) and focus on long term investment projects with 200+ billion asset management portfolio, I'm sure they'd appreciate your advice. Pick up the phone man.:tearsofjoy: In the mean time I'm just going to wait and see what actually happens.
Again, according to your theory, every single piece of Taxpayer expenditure would have an equal and opposite negative effect elsewhere. Need to spend money on education in Birmingham? Whoops, Education in Cornwall would suffer. Clearly, this is horseshit.
so you take punters from one venue where they spend money and move them to another where they spend the same money so the same amount of money is being spent where do all the extra jobs and money come from? if you can explain how building an extra circuit anywhere is going to increase economic benefit over the whole country
remind me why spending 5k per person in greater london is good for the uk economy? i know jack about wales whys that? explain please?
Money is fungible, there isn't a fixed amount of money that can only be spent on motoracing. People spend money on lots of things depending on many factors and priorities at a give time. So money spent at COW could be money not spent down the pub, or not on white goods or not on a weekend break to Cornwall, not just not at another race track.
True but if you are looking at only one or 2 major motoring events like F1 and moto GP adding another racetrack is not going to increase money spent when the events move from one venue to another The only way the circuit of wales will stack up if they attract a whole lot of new events in addition to those that exist already instead of just pulling events from one facility to another Given Donnington is struggling already the cards don not stack up well
Donnington is a fucken dump. Thats why it doesnt do well - a great track with very poor facilities, surrounded by quarry type roads.
Donington is not struggling; it's pretty much booked out all year; which is why it is so hard to get track day there over the past few years. We could really do with a good UK bike track. Why not put it in Wales; or is that part of the UK reserved for only water and sheep?
