'We've decided not to back up': Montreal earmarks $60M for Grand Prix facilities

The city is spending nearly $60 million to renovate the paddocks at the Gilles Villeneuve racetrack.
On Wednesday, the executive committee approved a $59.9-million contract with Groupe Geyser to upgrade structures for the Formula One Grand Prix, including the paddocks and hospitality area.
Geyser was the lowest of five bidders who responded to a call for tenders on Dec. 14.
The project includes demolishing the existing paddocks and rebuilding them to meet the F1’s current requirements.
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