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Más Madrid estimates the cost of the Formula 1 GP at over 470 million: "You're going to pay for that ticket."

World 1 source 1 country 🔦 Under-reported 40m ago

Rita Maestre, spokesperson for Más Madrid in the Madrid City Council, has estimated the total cost of the Formula 1 Grand Prix project at over 470 million euros. This figure includes approximately 200 million euros in public spending on infrastructure works and 270 million euros allocated for concession payments. Maestre has publicly criticized the financial burden this project places on the local population, suggesting that the public will ultimately bear the cost of the event.

The criticism centers on the allocation of public funds toward the Formula 1 initiative. By highlighting the specific breakdown of infrastructure and concession expenses, the opposition party is questioning the fiscal responsibility and the impact of these expenditures on the city's budget.

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