The future of the Las Vegas Grand Prix has been secured, following a landmark decision by the Clark County Commission. The Commission has granted long-term permission for the race to be held on the famous Strip in the city until 2032, bringing excitement to motor racing fans around the world.
This decision opens the door to the possibility of the event becoming a permanent fixture in the city, after being granted as part of a three-year deal with Formula One. The ruling also allows for certain waivers, ensuring the stability and consistency of the event for fans and participants.
Clark County Commissioner James Gibson expressed his enthusiasm for the future of the Grand Prix in Las Vegas, stating:
“I think it’s important to note that we have a three-year contract with Formula One, but we anticipate a lifetime in partnership. This will open the pathway to be able to do it for at least 10 years. And then beyond that, I’m sure that those who succeed us will see the value in what we’ve done and continue doing it forever.”
Formula One and Liberty Media have also expressed their interest in extending the Las Vegas Grand Prix. In a statement, they said:
“Our current agreement for an annual race extends through 2025. That said, Formula 1 and Liberty Media have invested in Las Vegas with the purchase of the 39 acres of land, building a 250,000 square foot paddock building and philanthropic efforts to support the local community. Making Las Vegas a permanent Grand Prix stop on the F1 calendar is our goal, and a 10-year approval provides us with the certainty that race weekend would be available on the calendar for the long term.”
The recent ruling also indicated that the current date of the race, towards the end of the F1 season, will remain unchanged, with the closure of Las Vegas Boulevard South taking place from Wednesday to Sunday in the week prior to the Thanksgiving holiday in November from 2023 to 2032.