Funding for the Gold Coast 600 is not guaranteed beyond next year. Photo / Getty Images
V8 Supercars officials say the Gold Coast 600 has proven its worth and the Queensland Government must guarantee taxpayer funding.
V8 Supercars spokesman Col Hitchcock says the event attracted more than 180,000 people in recent days and had provided a valuable economic boost for the tourist strip.
"The proof is
in the pudding," he said. "182,000 people on site over three days - the Gold Coast needs tourists."
The event is funded to the tune of AU$6 million ($7.6 million) a year, but so far there's no commitment beyond next year.
Earlier this year, the Queensland Government said major events such as the Gold Coast 600 would have to demonstrate they are providing value for money, or risk losing government funding.
