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11/30/2009

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Friday, November 27th 2009,Montreal race's return was confirmed at a press conference in the Canadian city on Friday afternoon.

The deal to secure the race's place on the calendar has been helped by the governments of Canada and Quebec, Montreal and Tourisme Montreal - who together have helped put together an £8.5 million annual investment plan for the next five years.Quebec minister of finance and minister responsible for the Montreal region, Raymond Bachand said: "For Quebec, this event by itself results in annual tax revenues of more than $10 million (£5.5 million), for a $4 million (£2.2 million) investment, minus revenues from ticket sales....the same math that Gov. love to use....spend $17 million to get maybe get $10 million!!! This means everyone at the race must spend over $2000.(per person) over there normal weekend spending.

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