Montreal mayor defends CA$24 million price tag

Photo: Lou Johnson / Spacesuit Media

Mayor of Montreal Denis Coderre has defended the CA$24 million price tag for bringing Formula E to the city, saying it is an investment for the future that the city will benefit from.

Montreal will host Formula E for the first time this weekend as the all-electric series concludes its third season with a double-header event.

The race has come under local pressure due to disruption, as well as the CA$24m (£14.6m) cost for tax payers, including $7.5m spent on barriers to construct the track.

However, Coderre has stressed that it represents a long-term investment for the city of Montreal that will also help its annual Formula 1 race.

“It’s not just based on a race. It’s a mission and we’re sending a strong message about sustainable development and sustainable mobility,” Coderre said, as quoted by CTV News.

“The blocks [barriers], I’m sorry that’s an investment on six years, so it’s going to be useful not only for Formula E, Formula One, but it’s the nature of the beast.

“We’re talking about safety, so when we have major events we can use them. Montreal is on the map.

“It’s an investment for the long term.”

Current E understands that Montreal has signed an initial three-year deal to host Formula E, with an option for a further three years beyond that.

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