Montreal's Formula E Race wins award for wasting government money

Feb 16 2018, 4:31 am

Montreal’s Formula controversial Formula E race has won an award –for wasting taxpayer money.

Formula E, which took place in July 2017, was awarded the Canadian Taxpayers Federation’s (CTF) Teddy Waste Award.

The ceremony elebrates the best of the worst when it comes to frugal government spending.

“Every year, the competition is stiff, but we narrow it down to a handful of the most ridiculous stories,” CTF Federal Director Aaron Wudrick, who hosted this year’s awards.

Formula E won in the municipal category. The CTF recognized Formula E for being a flop and selling only 25,000 out of 45,00 tickets.

Former Montreal mayor Denis Coderre, who supported Formula E, was planning to bring the race back to Montreal if he was reelected. However, Montreal’s new mayor, Valérie Plante, has cancelled the event for 2018.

“By any measure, $34 million on a race nobody wants to watch is not a winning formula,” said Wudrick.”

Other Teddy Award winners included Calgary’s public art program and the Federal government’s $8.2 million ice rink.

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