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- What are the economic impacts of hosting a major motorsport event

Hosting a major motorsport event can really boost the local economy. First off, it brings in a ton of visitors who spend money on hotels, food, and entertainment. Plus, you get jobs created for the event itself, from security to vendors. There’s also the potential for long-term benefits, like increased tourism if the event gets a lot of media coverage. It can put the city on the map, so to speak. But, you gotta watch out for the costs too—sometimes the expenses can outweigh the benefits if not managed well. Overall, though, it’s usually a win for the local economy!