Rio has no Money for Universities but will Build a new Racing Track to Welcome F1 in 2020
After the Olympic Games in 2016, Rio is supposed to welcome a Grand Prix in 2020. While the much-praised Olympics have left Rio mired in debt, it remains to be seen what this F1 mega event will do to the city’s alarming finances. By Contributing Reporter – May 9, 2019 Facebook Twitter
By Arkady Petrov
RIO DE JANEIRO, BRAZIL – “Bread and games” (from Latin: panem et circenses) is a metonymic phrase critiquing superficial appeasement.
In a political context, the phrase means to generate public approval, not by excellence in public service or public policy, but by diversion, distraction or by satisfying the most immediate or base requirements of a populace.
Brazil’s president Jair Bolsonaro announced on Wednesday that Rio de Janeiro will host the Brazilian Grand Prix in 2020. This can also be seen in this context.
A return of F1 to Rio was alluded to recentlyby the state’s governor, Wilson Witzel, who said that he was very much in favor of seeing F1 move away from its current venue at Interlagos (São Paulo) and settle in Rio.
President Bolsonaro told the media that an agreement had been signed with Governor Wilson Witzel and Rio Mayor Marcelo Crivella for the construction of a circuit located in the city’s Deodoro area. The new track could bear the name of Brazilian hero and F1 legend Ayrton Senna.
No budget has been set for the construction of the new racetrack that is to be designed by F1’s resident architect, Tilke Engineers & Architects. It is expected to be expensive though it is said to be entirely financed with private money.
When it comes to showing off, finding private investors seems to be a breeze, although rather impossible when addressing the education of a new generation
“The management of F1 has decided to maintain a Grand Prix in Brazil, but São Paulo has become impractical because of the event’s public financial support and the debt that exists over there,” Bolsonaro told reporters.
“The new racetrack will be built in six or seven months. The hotel sector will be happy, the state economy as well since six to seven thousand jobs will be generated. It is good for both Rio de Janeiro and Brazil.”
According to recent reports, far wealthier São Paulo will defend itself against the relocation of the Grand Prix by any means. More to follow.