F1 officials are considering non-race weekend use for its paddock site in Las Vegas

Formula 1 could consider hosting events at its planned paddock site in Las Vegas for more than just race weekends.

In June Liberty Media, F1’s parent company, completed its $240 million deal for 39 acres near the Strip, at the northeast corner of Harmon Avenue and Koval Lane. F1 officials previously told the Review-Journal they had acquired the land to create capacity for hospitality and race support sites.

Liberty Media CEO Greg Maffei said on an earnings call last week that the company was looking to make the most of the space.

“Our goal is to have a facility that is not only beautiful for racing, but has the ability to have activations and events going on at that facility when racing is not in progress,” Maffei said. during the conference call.

Crews have already demolished the structure that stood on the site and have begun leveling the plot ahead of possible construction.

The 2023 Las Vegas Grand Prix is ​​scheduled to take place over a weekend in November. Exact dates for the race weekend, including the Saturday night race, are expected to be announced this month, according to the Las Vegas Convention and Visitors Authority.

Las Vegas is expected to host the race for at least three years starting next year, but officials said when announcing the event that they hoped to make it a permanent fixture on the city’s calendar.

The track design for the race is expected to be 3.8 miles long from start to finish with speeds expected to exceed 212 mph. The race will be 50 laps around the course, which will include three main straights and 14 corners.

The LVCVA will invest approximately $6 million annually to host the race on the Strip, with resort companies paying an undisclosed fee to host the race. The race will mark the first F1 race in Las Vegas since 1982, when it was held in the parking lot of Caesars Palace.

Contact Mick Akers at [email protected] or 702-387-2920. Follow @mickakers on Twitter.

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