<p style="font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;color:rgb(68,68,68);Campbell says Laguna Seca owes Dorna $2.5 million and is in the process of paying it off.
<p style="font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;color:rgb(68,68,68);“Dorna is the best organization we have ever worked with and we consider them family,” says Campbell. “But they have investors and people are holding them accountable.”
<p style="font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;color:rgb(68,68,68);According to Tammy Blount, president and CEO of the Monterey County Convention and Visitor’s Bureau, MotoGP brings in about $100 million in revenue for local businesses.
<p style="font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;color:rgb(68,68,68);“Being that the event isn’t until July, we have some time to replace it and I don’t think we are going to see a $100 million loss,” she says. “But recouping it from a loss on that kind of scale from the demographics that MotoGP brings to the Peninsula and the corporate sponsorships will definitely be a notable difference.”
<p style="font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;color:rgb(68,68,68);Despite Dorna also owning World Superbike, which returned to Monterey after a nine-year absence, its contract is good for three years. Campbell says the fallout with MotoGP will not affect the future of the World Superbike schedule.
<p style="font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;color:rgb(68,68,68);...
<p style="font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;color:rgb(68,68,68);Campbell acknowledges the drop of Grand Prix will have a major effect on the local economy as hotels, restaurants and other businesses all profit from one of the largest events every summer.