Tuesday, February 17, 2015

Dream Big, Flop Spectacularly: A $350,000,000 Formula One Track in South Korea Hosts 4 Grand Prix Races, Then Pfft

A Korean Auto-Racing Debacle, but Hope Around the Bend.  (The New York Times, 2/15/2015)
“We started with a big dream of making lots of money,” said Park Bong-soon, a South Jeolla Province official whose title until recently was director of the Formula One support center, even though there is no longer a Formula One race to support. “Instead, we ended up with a spectacular flop.”

The fantasy.

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