The staggering cost behind F1 Las Vegas Grand Prix big-money pit building
The Las Vegas 𒉰Grand Prix - the standout date in the 2023 F1 calendar - i💫s 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 ཧhave been built upon represents a major new strategy by Liberty Media, the owners of F1.
They purchased the land for $240m and spent a similar amount on constructing a state-꧃of-the-art pit buil🎀ding - meaning the total cost nears half-a-billion dollars.
The Pit Building is READY!
— F1 Las Vegas (@F1LasVegas)
Compare that with the $43.6m spent on Silverstone’s updated building꧟ a decade ago!
The Las Vegas G🐟rand 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 US headquarters after next weekend’s race.
The Las Vegas Sphere
The 366-feet-tall,๊ 18,000-person Sphere is a remarkable sight, and is the largest LED screen on earth.
It reportedly cost a cool $2.3 billion to build.
It is fitted with 1.2 million LED lights making it an incredible spe♔ctacle in the heart of Sin City.
The Sphere was opened by a pair of concerts by U2, who went viral for mentiཧoning F1 during an༒ on-stage speech.
It is set to be a major part of the F1 Las Vegas Grand Pri▨x, 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 ending 30 September, The Las Vegas Sun .
