True cosT of the TT to be calculated

[steve-e]

https://www.bbc.co.uk/news/amp/world-eu ... n-43784692

The "true" impact of the TT Races on the Isle of Man's economy is to be calculated by the government.

A planned report by the Cabinet Office will bring together government statistics with information from private business and charities.

MHK Dr Alex Allinson said it would give a better understanding of "the true costs and benefits" of road racing.

Anyone impacted economically by motorcycling events has been asked to contribute to the consultation.

The TT and Classic TT are two of the Isle of Man's most popular tourist events, attracting a combined 55,000 visitors each year.

The government has previously estimated the annual value of the events to be about £28m.

Image copyright DAVE KNEEN Bikes coming off the Isle of Man ferry during TT week
Image caption In 2017, more than 36,500 passengers travelled to the island by ferry
However, both events require about 40 miles (65km) of road closures to allow the island's thoroughfares to become a temporary racing circuit and the Department of Health has previously estimated the annual hospital bill to run into "hundreds of thousands of pounds" .

A government spokesman said views were being sought from "various industry bodies and a wide range of businesses, charities and self-employed people".

He added that anyone wishing to submit evidence should register online by 18 May.

[mark_d]

They just need to look back to 2001 when it was cancelled after the foot and mouth outbreak and how much they asked the UK government for over lost revenue

[petercaughlin]

Whatever they make it could be a darn sight more if they got off their complacent arses and catered for the many many more people who want to go but can`t get there because of the Cream Racket Co;

[Helen Gibson]

Don't you think that, annually, they would get all the relevant departments together, work out how much they have spent on arrangements, then consult the businesses that provide services, and get an estimate of the value of their TT business? Or would that be too much like common sense?
#haventaclue