Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

Plans unveiled for world-class motorsports track in Bahamas
Published on August 14, 2014 Email To Friend    Print Version

By Geoffrey Brown
Nassau Guardian Business Reporter

NASSAU, Bahamas -- The Bahamas government has unveiled plans for a $10 million “world-class” motorsports track and complex in New Providence through a partnership with auto racing’s global governing body, in a bid to further promote the country’s sports tourism economy.

daniel_johnson.jpg
Dr Daniel Johnson
Minister of youth, sports and culture Dr Daniel Johnson announced the proposed track along with global and regional directors of the Fédération Internationale de l’Automobile (FIA), stating that the track is expected to be used year-round. He said he expects that a “five to one” return can be achieved for each dollar spent on the facility.

“We are committed to building a world-class track again… We’re going to rebuild a world-class racing track for motorsports in The Bahamas that will have multiple uses: motorcycles, drag races, dirt racing, all sorts of races.

“We want to put The Bahamas on the world motorsports tour. Same model, same place. This will be a fantastic opportunity for Bahamians,” stated Johnson, adding that the government would use May’s International Association of Athletics Federation (IAAF) World Relays as a blueprint for future sports tourism endeavours, including the proposed FIA track.

The $10 million complex will host FIA racing events while also offering a venue for government training and community outreach programs. However, the finalized location of the track and estimated date of completion were not provided.

“What I’d like to share with the Bahamian public is our commitment to sports tourism… We are developing our sports tourism brand by partnering with the best brands in the world to bring the most exciting events in the world to The Bahamas and make it a regular part of the calendar… the investment is well worth it,” said Johnson.

David McLaughlin, chairman of Bahamas Speed Week and newly appointed FIA director for The Bahamas and Caribbean, similarly hoped that the track would provide a sustainable source of sports tourism revenue while providing uses for the government beyond hosting racing events, such as a venue for police and emergency medical services (EMS) training.

“The big ticket is sports tourism. You get much, much more bang for your buck with sports tourism,” said McLaughlin while adding that Bahamas Speed Week Revival, now in its third year, had injected nearly $3 million into the Bahamian economy.

“Already at the early stages of motorsports in this country it’s really cost-effective… [The track] will be sustainable. It’s not a cost – it’s an investment, and it’s a sustainable one,” stated McLaughlin.

Although the panel did not reveal the complex’s location, McLaughlin said that the government and FIA were assessing two viable locations for the track, including Queen Elizabeth Sports Centre and a yet-to-be-disclosed venue.

FIA president Jean Todt also welcomed the announcement, stating that FIA had “great ambitions for the country”.

Not a ‘frivolous’ expense

Johnson argued that the proposed motorsports track did not constitute “frivolous” government spending, despite the weak state of the Bahamian economy and calls for expenditure reduction.

“It’s not about a one-off Speed Week… It’s an investment in the economy and an investment in the Bahamian people. Large-scale events are seen now by all the major organizations in the world as a way to stimulate the domestic economy,” said Johnson.

Johnson claimed the government had “reasonable estimates” that the $10 million IAAF event generated an economic impact of three times that amount, and would use a similar model for the FIA track.

“It’s been a three-to-one return in my present experience, but I think I can drive it to five-to-one,” said Johnson.

Republished with permission of the Nassau Guardian
 
Reads: 10427





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code



Please note that, if you are using an AT&T domain email address, e.g. att.net, bellsouth.net, sbcglobal.net, the verification email will likely not be delivered. This is outside of our control and the only remedy seems to be for readers to complain to AT&T





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: