The Las Vegas Grand Prix is poised to become a fixture on the city’s annual calendar with reports suggesting that its contract will be extended until 2032.
According to the resolution from the Clark County Commission, the Las Vegas Grand Prix should officially be recognised as an annual event for a ten-year period starting from 2023 and extending to 2032. The event is scheduled to take place on the weekend preceding Thanksgiving and will provide a vibrant addition to the city’s festive celebrations. The resolution is set to be put forward during a meeting on February 7.
The economic impact of the Las Vegas Grand Prix is expected to be substantial, with estimates suggesting it will bring over a billion dollars to the local economy. This event is set to become a standout on the annual calendar and will provide a unique experience for both locals and visitors to the city.
The inaugural Las Vegas Grand Prix is scheduled to take place from November 16th to 18th, 2023, marking the start of a new era in motorsports for the city. This exciting event is sure to attract fans from around the world and provide a boost to the local economy.
Liberty Media and F1 have commented in a statement:
“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.”