1. What is the Sydney 500?
The Sydney 500 is the Grand Finale round on the V8 Supercar Championship Series Event Calendar and determines the drivers’ final Championship points for the year.
2. Why is it called the Sydney 500?
Quite simply, it is based on 2 x 250 km races. The first Championship leg of the race is held on the Saturday and the second leg on the Sunday. The street circuit at Sydney Olympic Park is approximately 3.4 km in length and as such, drivers will be required to drive some 74 laps in each race.
3. What makes up the V8 Supercar Championship Series?
The V8 Supercar Championship Series is an international event. In 2014 the series will have 15 championship events. This includes events in all Australian States and the Northern Territory, as well as in New Zealand. The 2014 calendar of events includes the Clipsal 500 in Adelaide, the Townsville 500 in Queensland and the Supercheap Auto Bathurst 1000 in NSW.
4. Why is the NSW Government supporting a V8 Supercar race?
Tourism makes a significant contribution to the NSW economy and one of the Government's commitments when coming into office was to double overnight visitor expenditure by 2020. One of the main strategies used to meet this goal is event investment.
Events such as the Sydney 500 provide a positive contribution to Sydney and NSW. They boost tourism, create jobs and generate economic benefit for the State.
5. How will Sydney and NSW benefit?
The Sydney 500 is expected to attract more than 5,000 interstate and international visitors and 15,000 intrastate visitors and, over the three years from 2014, will bring an estimated $50 million to NSW. In addition the event will also be seen by millions of people throughout Australia and the world through a live broadcast of the race, which will further enhance Sydney as Australia's number one tourism and major events destination.
6. What happens over the three days?
The event is an expo-style event that includes car exhibitions, motorbike stunts, on track participation and family zones in addition to each day's program of motor racing.
7. How does the Sydney 500 showcase Sydney?
Sydney is able to cost effectively and conveniently share in an internationally viewed motorsport race which promotes this city and Sydney's pre-eminent event and entertainment precinct through television, print and social media, and internet and broadband exposure.
The V8 Championship Series has a massive global television footprint with all events broadcast into 110 countries and more than 850 million homes. It is broadcast live throughout Europe and the UK, the USA, the Middle East, Asia and New Zealand. It is currently broadcast live throughout Australia on the Channel 7 network.
8. Why is the Sydney 500 held at Sydney Olympic Park?
The Sydney 500 street race is the Grand Finale round of the annual V8 Supercar Championship Calendar and attracts large crowds over the three days of the event. The capacity of the precinct and the availability of transport services make Sydney Olympic Park a fantastic major event venue.
9. What about environmental concerns?
As part of the approval process for the staging of the Sydney 500, V8 Supercars Australia was required to submit a "Referral of Proposed Action" to the Department of the Environment, Water, Heritage and the Arts (Cwth) for consideration under the Environmental Protection and Biodiversity Conservation Act 1999. The Referral was accompanied by independent expert reports in relation to the event's potential impacts on key ecological communities.
On 3 April 2009 V8 Supercars Australia received notification of the Referral Decision that the proposed event was not a controlled action and could proceed annually as detailed in the referral documentation.
10. What happens to local roads during event days?
For each year's event the roads being used as the race track circuit are progressively closed to all other traffic from the Thursday prior to the event and re-opened on the Monday after the event.