Formula 1 wants Las Vegas racing center to be a year-round attraction: PlanetF1
Formula 1 would like to ensure that the new structure it is building for the Las Vegas Grand Prix is used year-round.
F1 owners Liberty Media announced in March that a deal had been reached to add a Nevada race to the 2023 calendar, making it the third to feature in the US alongside Austin and Miami. .
Work is underway to prepare the track in time for next year’s race and as part of the project Formula 1 has purchased $240m (£198m) land to build facilities such than the pit and the paddock.
Having something that expensive sit idle for 99% of the year isn’t a wise investment, which is why Liberty Media President and CEO Greg Maffei said he wants to make sure the facility is used year round.
“Our goal was 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 even when racing is not in progress,” said- he said during a call with Liberty Media investors, as reported by racefans.net.
Unlike other races which are usually left to third parties, F1 decided to bear the brunt of the Las Vegas Grand Prix itself, but Maffei said there was no reason to worry.
“You should think we can handle this well with the capital we have. It’s not going to wear us out in any way, and it’s not going to stop us from doing other actions,” he said.
— Formula 1 (@F1) March 31, 2022
Speaking when the race was announced, Maffei described it as a “unique opportunity” and one that will take F1’s potential to the “next level”.
“Iconic Las Vegas and Formula 1, the pinnacle of motorsport, is the perfect marriage of speed and glamour,” he said.
“Our confidence in this unique opportunity is evident in our decision to take on the role of promoter of the Las Vegas Grand Prix in partnership with Live Nation.
“We couldn’t be more excited to work with our local partners to create a flagship event. The potential of Formula 1 has been well demonstrated over the past few seasons and the Las Vegas GP will only be taken to the next level. »
However, F1 chairman Stefano Domenicali has warned that more needs to be done to promote the race so it does not follow in the footsteps of the last Las Vegas Grand Prix held in 1982 but did not failed to arouse local interest.
“It is important that we work very hard to generate commitment and excitement in the new city for Formula 1,” said Domenicali.
“We will come back with all the plans we have to make sure that we want to bring F1 to life with emotion, passion. It is really important to increase the level of commitment that we expect from Vegas City.