The Economics of The Formula One Grand Prix of Monaco

Some of the astounding figures behind Formula1, namely the recent Monaco GP. Lifted from the article:

* Monaco pays no fees to the FIA to host the F1, unlike other cities.
* Monaco one of the most expensive real estate markets in the world at $5,635 per square foot.
* It takes 50 engineers six weeks to turn 2.075 miles of road into race circuit.
* 1,100 tons of grandstands, 900 tons of pit garages are assembled.
* How much for more banal parts like a steering rack and power steering motor?  About $19,000.  
* Brake pads? Try $5,000.

Read the rest in link.

The Economics of The Formula One Grand Prix of Monaco

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