V8 drawcard drives cash injection for businesses

IT'S that time of the year when racing fans are gearing up for three days of fast and furious action at Queensland Raceway.

The Coates Hire Ipswich 400 is expected to inject $7 million into the Ipswich economy as visitors pour into the city to see their favourite drivers in action on the track from this Friday.

The racing event puts the region on the map, making Ipswich a destination to experience a top sporting event.

As Ipswich Mayor Paul Pisasale has said, it is not just a car race but also a boost to local hotels, motels, restaurants and other businesses that are set to benefit from the increased spending it generates.

The annual event attracts about 4000 interstate visitors, equating to thousands of nights booked with Ipswich's accommodation providers.

With hotels and restaurants full the week leading up to the big event, there is no doubt the V8s action is a financial boost for the region and a tourism drawcard that the city should be proud to claim.

We can expect to see more excitement in the coming days as the raceway action draws closer and fans in the community get the chance to meet some of the racing stars.

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