Formula 1’s three-year deal to race on its new street circuit in Las Vegas could be extended following a local commission vote today.
The series announced a three-year deal to race on the new Las Vegas street circuit last year. Its first race will take place in November this year, but the Formula 1 Las Vegas Grand Prix company which is organising and promoting the race has already indicated a desire to extend the contract.
Those hopes received a boost on Tuesday when the Clark County Commission unanimously approved a resolution allowing the promoters to continue using the public roads which will form part of the circuit until 2023.
The resolution noted “the Formula 1 Las Vegas Grand Prix has an estimated economic impact of more than a billion dollars to the local economy.”
The track will use a series of local roads including Las Vegas Boulevard – the world-famous ‘Strip’ – Harmon Avenue, Koval Lane and Sans Avenue. The required set-up for the event is “anticipated to take place a few hours a day for five days, beginning on each Wednesday through Sunday, the week prior to the Thanksgiving holiday in November in the years 2023 through 2032,” it noted.
The resolution grants the promote a waiver from the county code “for portions of the circuit approved by Clark County that occurs on Las Vegas Boulevard South so long as the Formula 1 Las Vegas Grand Prix takes place during the days stated [in] this resolution.”
Terry Miller of Miller Project Management told the commission the circuit will include a mixture of private and public land, the use of the latter requiring their permission.
“Everything that we are building in a temporary spectator facility or in a permanent track facility is on private parcels,” he said. “The track itself will be on county right of way and on private parcels.
“What we’re excited about the fact that it wraps itself around some of the most world worldwide-recognised resorts here in our valley. As the track runs down the boulevard, we will turn onto Harmon. We will go around the paddock facility, which is the land that was purchased by the LVGP last year and on which we are currently building the paddock building.
“We’ll zip down Koval, we will go around the sphere, come around Sands and back to the boulevard. It’s 3.8 miles of excitement and we are really, really pleased to be able to bring this to the valley.”
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