It's official, Formula 1 and Montreal are in love again. Bernie Ecclestone's supersonic price increases in 2008 drove the Canadian venue (and North America entirely) off the map in 2009. It was the first time in three decades that the F1 club didn't visit Circuit Gilles Villeneuve, and by the end of this summer, everyone was highly motivated to get it back.
When Ecclestone's original demand of $175 million Canadian ($165M U.S.) over five years became $75 million Canadian, ($71M U.S.), the Montreal, Quebec, and Canadian governments got together to split the cost three ways. When the government's commitment to spend such an amount on a sporting event was questioned, Quebec's minister of finance replied that the GP will cost Quebec $4 million but return $10 million to its coffers alone. On top of that, Ecclestone promised them 30% of ticket sales every year, which, for a hugely popular grand prix, should be a substantial number. Vive le Montreal GP and June 13, 2010! Thanks to everyone who submitted tips
[Source: F1 Live | Photo credit: Vinod Sankar via CC2.0]