Surfers Paradise is no way near technical enough of a circuit to host Formula One. And the Gold Coast Council/QLD Government has no way near enough money.
Just because the V8s can invent street races in interesting places and it can work doesn't mean Formula cars can.
Monaco is the most popular event of the year. Is it not fit to host F1 races because its not technical enough? Considering Surfers Paradise has hosted Indy cars for more than a decade it would only need minor alterations to be F1 standard.
The possible break away F1 league touted months ago wanted to host a race on the GC and Bernie Ecclestone even approached the Qld Government about the possibility of racing there a couple of years ago. Obviously F1 don't agree with you.
It was more about the FOTA (Formula One Teams Assoc.) having the political and economic potential
to start a rival series. That was resolved with a new Concorde Agreement, so no break away.
And it would not have been Bernie who approcahed the Gold Coast at that time: his company (the commercial rights holder, F1 corporation) holds the rights for the Australian Grand Prix to be held in Melbourne.
Bernie would have approcached the GC when Melbourne refused to run night races to pacify the European audiance and contract negotiations broke down.
Bernie would've wanted from Surfers: A complete revedelopment of the track, including layout, Pit complex, etc; and a night race on top of his outrageous race fees. These go up 10% every year.
Do the math on the costs per year and Queensland would have ran away with its tail between its legs.
Plus, any new circuit either needs to have the history or heritage, or needs to be designed by Hernman Tilke. All the new street circuits have been designed by him: Valencia, Yas Marina and Singapore. And he is expensive.
Surfers Paradise is okay for the less skilled Champ Car/IRL and A1GP drivers with less aerodynamic cars, but Formula One? Get real. Look at why Indianapolis hosted all the recent US Grand Prixs.
Because Long Beach and the various other American street races like them no longer cut it. Surfers Paradise falls into that category.
Melbourne has the race because we are willing to put up the money. Everyone else can shut up until they put up the hundreds of millions.