Marshall’s decision to axe Adelaide 500 is a massive blow to SA economy

Steven Marshall’s decision to axe the Adelaide 500 V8 supercar race is simply devastating for South Australia, with the state set to lose tens of millions of dollars of economic activity, hundreds of jobs and thousands of interstate tourists.

Suddenly late yesterday it emerged the Marshall Liberal Government had decided to cancel the 2021 race and scrap the contract for future races.

Last year’s Superloop 500 injected $45.9 million into South Australia’s economy, supporting the creation of 435 full-time jobs, according to the SA Tourism Commission.  More than 15,000 interstate visitors came to South Australia to attend the event.

Just last year Steven Marshall described the race as “a fantastic event for South Australia”.

The first Adelaide 500 was held in 1999, then known as the Clipsal 500, and more than 5.3 million people have attended the event over the past two decades.

 

Quotes attributable to SA Labor Leader Peter Malinauskas

This will be a gutting blow to the tens of thousands of South Australians who attend the race and the thousands of workers and businesses which benefit from this iconic event.

In the midst of a recession, we need a government which is investing in major events and tourism which generate millions of dollars of economic activity - this is terribly short-sighted.

This can’t be blamed on COVID, after all, the Formula One Grand Prix is still proceeding in Melbourne next year.

This is a deliberate decision by the Marshall Liberal Government to kill this great event.

 

Quotes attributable to Shadow Minister for Tourism Zoe Bettison

The Adelaide 500 brings thousands of interstate visitors into South Australia and those people spend their money in our hotels and in our restaurants.

These are the very businesses which have already been hit hard by the COVID-19 pandemic.

When businesses are struggling to survive, this really is kicking South Australian businesses when they’re down.