Formula 1 has asked Clark County authorities to put up a sum of $40 million in public money for the track development ahead of the Las Vegas Grand Prix in late 2023 which would cost $80 million. F1 returns to the Sin City after a long while as one of the biggest races of the year. Vegas will be getting a city circuit which includes iconic spots like the Vegas Strip and many other landmarks.
Reacting to this request, the Clark County commissioners voted to say yes by a slim margin of 4-3 and enter into negotiations with F1 regarding the request on Tuesday. Commissioners Justin Jones, Marilyn Kirkpatrick and Michael Naft voted against entering into those talks.
“I’m not really sure from the county’s perspective how we really got to this point,” Naft said during the meeting as quoted by Las Vegas Review-Journal. “Formula One is already here. It’s great. I’m thrilled. … This negotiation feels a little bit too late.”
Talking about the constructions of the Las Vegas GP, workers began the repaving project on April 2 on public roads that will make up the majority of the race’s track. The construction will include roads like Las Vegas Boulevard, Koval Lane, and Harmon and Sands Avenues. Liberty Media is funding the road work in collaboration with Las Vegas Paving serving as their contractor for the project.
Terry Miller of Miller Project Management confirmed the development, being the project manager for the Las Vegas Grand Prix. Further talking about the Las Vegas GP project, Miller said, “It is all under the permit that has been issued by public works and comprehensive planning and the building department. The work that is being considered under this resolution is the work being performed on county right of way only. … All of that is currently being paid for by Liberty Media.”