I sat in the grandstand last year. Not VIP though. You aren't as close to the action as you would be by the roadside somewhere else. But you do get access to the riders in the lead up to the race (great with a 12 year old) and can then stroll to your seat and watch the build up to the start. Facilities are easily used and you watch over the pitstops.

It's not Kirk Michael or The Gooseneck, but they're not the grandstand either. Horses for courses. Not the best viewing spot but it does offer something different in experience.