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Essex 1000 Economic Analysis

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Hello and Good Morning. Today I will be talking to you about the environmental and economical impact of the Bathurst 1000 on the local area and NSW as a whole. For anyone who doesn’t know the Bathurst 1000 is a 1000km V8Supercars race which is held at Bathurst annually on the second weekend of October. The race has been held there since 1963 at the Mount Panorama track. The race is also known as the Great Race or the second race that stops the nation behind the Melbourne Cup. The Bathurst 1000 is a beneficial event on both the environment and community
The surrounding areas of Bathurst and local area is home to the Box-Gum Grassy Woodland. This woodland is on the verge of extinction as well as many animals within the area. This is why that …show more content…
The Bathurst 1000 annually boosts the NSW economy by approximately $55 million and produces close to 500 full time jobs. $25 million of the $55 million was of direct input into the Bathurst economy and community as well as 255 full time jobs being made annually. The Bathurst 1000 produces 17% of the annually average of all 56 festivals and events held in NSW being one of the biggest economy boosters. As well as the Bathurst 1000 generating lots of full time jobs and millions into the economy the community throughout the event is affected. With Police monitoring for drugs and alcohol the event is a family free event meaning that no hooligans will ruin anyone’s weekend. Police have also placed an alcohol limit on the event minimizing the amount of alcohol that race fans are bringing in and reducing violent outbreaks and radical behaviour over the event with great security. The Bathurst 1000 event is of great value to the local community and to the local and whole state economy. With excellent security it is a great and safe event for the whole community. With such a great event needs recommendations and like any event the Bathurst 1000 needs some

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