F1 Las Vegas Grand Prix: Billion-dollar revenue forecast as F1 set to rock Sin City

Liberty Media bosses predict that F1 will bring more than $1 billion to the local Las Vegas economy from this weekend’s money-spinning grand prix.
Las Vegas at night. Las Vegas Preview, USA
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Las Vegas at night. Las Vegas Preview, USA - www.xpbimages.com, EMail: requests@xpbimages…

Locals and tourists have been disrupted by the eno💞rm🧜ous operation to build the pit building and circuit in the heart of the city.

The cost to F1 has been estimated at around $50൲0m.

“We’re going to bring in something like $1.7 billion of revenue to the ꦬarea,” Greg Maffei, CEO of F1’s o♑wners Liberty Media, was quoted by .

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“I want to apologise to all the Las Vegas residents and we appreciate that they have their forbearance and their willingness t𒀰o tolerate us.

“It’s not just for the benefit of fans who want to view. We hope this is a great economic benefit in 𒊎Las Vegas. 

“We hope this is the most difficult year with all the construction that went on and thin𒁏gs will be easier in the f💧uture.

“There will be 105,000 people so the 🎐sheer scale of it, even for Las Vegas, will be the largest event Las Vegas will have.”

F1’s 10-year deal with Las Vegas

Unusually for Formula 1, they have chosen to purchase lan🍌d in𒅌 Las Vegas where they have built their own pit building and brand-new track.

Normally they🌌 work with a local promoter t꧑o stage their biggest races.

But ꧅in Vegas, F1 has struck a 🔜10-year deal to race.

They invested around $240m to🌼 build the pits and t𝐆he paddock.

Tཧhe main building - which spans 300-square-feet and four storeys - will become F1’s US headquarters after th♋is grand prix.

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