Former Australian Grand Prix venue Adelaide has said they will not be returning to the F1 calendar. The Adelaide GP was a street circuit and hosted Australia’s F1 Grand Prix for a decade until 1996, when the race moved to Melbourne.
However, there has been a lot of recent criticism of the Melbourne government’s seven-digit spend on the Melbourne Grand Prix which led many critics to believe that it would be the perfect time to switch back to Adelaide for the annual event.
But South Australian Treasurer Kevin Foley quickly threw cold water on the idea. Talking to Adelaide newspaper The Advertiser, he said there was “no chance of the Government bidding for the Grand Prix.” Explaining why, he said it “would just cost the state too much money” whilst reaffirming the city’s commitment to the V8 supercar series instead.
Melbourne’s current Formula One contract expires in 2010. Many people believe that Sydney are interested in hosting the event and may put in a rival bid.