F1 News: Las Vegas Grand Prix Sees Eye-Watering Request From Public Fund

The forthcoming Las Vegas Grand Prix involves an estimated $80 million in infrastructure upgrades, with race officials seeking a $40 million contribution from Clark County public funds.

F1 has requested for $40 million from the Clark County public funds for the highly-anticipated inaugural Las Vegas Grand Prix which will take place in November.

The city of Las Vegas is gearing up for the much-awaited Las Vegas Grand Prix. Preparing the circuit for this big event is no small feat, and it is estimated to cost a whopping $80 million for necessary infrastructure upgrades. Race authorities have sought a $40 million contribution from Clark County public funds to assist in this costly endeavour.

In a closely contested vote this Tuesday, the Clark County Commissioners gave the green light by a 4-3 margin to open discussions about the requested fund allocation with F1. 

Teams kicked off the extensive repaving project on April 2, focusing on the public roads that will form the bulk of the race track. These roads include prominent avenues like Las Vegas Boulevard, Koval Lane, and Harmon and Sands avenues. Interestingly, the funding for this public road work is currently coming from Liberty Media, the parent company of F1.

The first phase of the repaving project, affecting parts of Sands, Harmon, Koval, and some private roads around the F1 paddock site and the MSG Sphere, is expected to wrap up by late August. The final track paving is scheduled to take place between July 16 and September 15.

In addition to repaving, the infrastructure work also involves setting up the track with temporary barriers, pedestrian access points, and other essential elements to ensure smooth operations and safety during the race.

The Grand Prix weekend has been predicted to generate an economic impact exceeding $1 billion, drawing in about 105,000 spectators each day of the three-day event.