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    £1.5 million lost on TT and Festival of Motorcycling last year

    £28 million was generated during TT and the festival of Motorcycling for the local Manx economy at a cost of £1.5 million. 

    The Economic Development Minister was questioned on the costs of financing both events in the House of Keys yesterday. 
     
    £2.6 million was dished out for TT and £1.5 million for the motorcycling festival.  
     
    It drummed up a gross income of approximately £2.7 million - Laurence Skelly says it was worth the return: 

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