Was The Grand Prix Beneficial For Melbourne Was the Grand Prix, promoted as "The Great Race" which was held at Albert Park beneficial for Melbourne, or was it just a huge waste of taxpayers money? The race was televised to 650 million people in 130 different countries is expected to pump $50 million into the Victorian economy every year and boost tourism enormously. I along with the owners of seventy-two percent of hotels, motels, restaurants and other entertainment complexes agree that Albert Park having the Grand Prix will have a positive impact on business. Infact it pumped $10 - $15 million into local busine