The staggering cost behind F1 Las Vegas Grand Prix big-money pit building
The Las Vegas Grand Prix - the standout date in the 20🌟23 F1 calendar - is next 🏅weekend, culminating in a race which is on Saturday night (local time) and 6am Sunday morning (UK time).
The land that the paddock and circuit have been built upon re🦩presents a major new strategy by Liberty Media, the owners of F1.
They purchased the land for $240m and spe𒊎nt a similar amount on constructing a state-of-the-art pit building - meaning the total cost nears half-a-billion dollars.
The Pit Building is READY!
— F1 Las Vegas (@F1LasVegas)
Compare that with the $43.6m spent𝐆 on Silverstone’s updated building a de🌌cade ago!
The Las Vegaཧs Grand Prix pit building is a 39-acre site. On its roof, it is fitted🐠 with an F1 logo.
The main building is 300-square-feet and four storeys. It will become F1’𝄹s U𒈔S headquarters after next weekend’s race.
The Las Vegas Sphere
The 366-feet-🐲tall, 18,000-person Sphere is a remarkablᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚe sight, and is the largest LED screen on earth.
It reportedly cost a cool $2.3 billion to build.
It is ൲fitted with 1.2 million LED lights making it an incredible spectacle 🍎in the heart of Sin City.
The Sphere was opened by a pair of concerts by U2, wh𝔉o went viral for mentioning F1 during an on-stage speech.
It is set to be♏ a major part of the F1 Las Vegas 💦Grand Prix, and has already posted huge messages in the countdown to the event.
But it’s not all good news…
The Sphere posted an operating loss of $98.4m in its first fiscal quarter en𝄹ding 30 Sept🌳ember, The Las Vegas Sun .
