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

Locals and ꧒tourists have been disrupted by the enormous operation to build t✤he pit building and circuit in the heart of the city.
The cost to F1 has be▨en estimated at around $500m.
“We’re going to✨ bring in something like $1.7 billion of revenue to the area,” Greg Maffei, CEO of F1’s owners Liberty Media, was quoted by .
“I want to apologise to all the Las Vegas residents and we appreciate that they have their forbearance and t♋heir willingness to tolerate us.
“It’s not just for the benefit of fans who want to view. We hope t༺his is a great economi🥃c benefit in Las Vegas.
“We hope this is the mꦍost difficult year with all the construction that went on and things will be easier in the 🔯future.
“There will be 105,000 people so the sheer scale of it, even for Las Vegas, will be the largest even💃t Las Vegas will have🦂.”
F1’s 10-year deal with Las Vegas
Unusually for Formula 1, they have chosen to purchase land in Las Vegas where they have built𝓰 their own pit building and brand-new track.
Normally they work with a local promoter to stage theirꩲ biggest races.
But in Vegas, F1ও has struck a🔯 10-year deal to race.
They invested around $240m to build the p🌃its and the paddoc🎶k.
The main building - which spans 300-square-feet and four storeys - will beco⛄me F1’s US headquarters after this grand prix.

James was a sports journalist at Sky Sports fꦚor a decade covering everything from American sports, to football, t🦄o F1.