What are the true economic benefits?

I write regarding the article in Peninsula News (March 21, p30) "Surf championships attract 2500".

Rob Pidgeon from Surf Life Saving NSW has provided vital transparent detail in his media release.

Prior to the previous championships held in 2005, Central Coast Tourism's chief executive stated "the event would inject an estimated $36 million into the local economy over the two years".

Rob Pidgeon's 2016 comment is "Surf Life Saving NSW claimed the event had generated almost $10 million in stimulus for the local economy each year it had been held".

Thanks Rob Pidgeon for this information.

Whichever mathematical system is used the end result is the same, a shortfall of at least $8 million per year.

Why is this important?

Financial gains estimated before events should be scrutinised thoroughly by independent accountants and not be accepted without question.

With a proposed V8 supercar event in Gosford with millions of dollars, many millions to some, will there be a transparent financial report after the event?

What is the annual cost to operate a V8 supercar team?

Team managers will not recover this cost through workshop tours, the sale of second hand parts and merchandising sales, hence the financial carrots.

What will be the trade off across the local government area?

Letter, 4 Apr 2016

Norman Harris, Umina