Formula One news

Australian Grand Prix to Surfers Paradise?

The Australian Grand Prix could possibly move to the legendary Surfers Paradise street circuit in Queensland, according to reports in the Australian media. The rumour comes after mounting costs to host the race in Melbourne have led to the Victoria government coming in for criticism.

"I believe that the Labour government is preparing to end Melbourne's involvement with the Grand Prix when the contract finishes in 2010," said former Victorian premier Jeff Kennet, who was instrumental in bringing the race to Melbourne from Adelaide.

Queensland Events Corporation chairman Des Power reportedly told Australian media that F1 bosses had approached the Queensland government 'some time ago' to host the F1 race in Surfers Paradise.

"It was a clandestine approach, but the price tag was enormous," he said. "If we were approached again by F1 any proposition would have to be given appropriate consideration."

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