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Text of the press release:
I did not expect the track to look like that, I must admit. I was expecting a long spindly thing going up and down the strip along both sides. What they've come up with makes a bit more sense and looks to me like it'll be the highest speed track on the calendar, even faster than Monza with its artificial chicanes. Other than the hairpin, all the curves you see in the track layout are quite broad and likely full-throttle or close to it. Interestingly, the Sphere's current construction site shows no signs of having a circuit loop around the outside of it so I'd expect that project's plans to evolve slightly to accommodate the track. Also the backside of the track runs past several condo developments so we're going to have several people just chilling on their balconies for free like in Monaco.
I'm really curious to see where they put the paddock. It would be rad to have it along the Strip but visibility and space might be a concern. The hairpin area of the track - the dreaded "parking lot" that European fans keep talking about - has a lot more room for a paddock and other track services to be placed.
To pick up on discussion in another thread...
The problem with swapping tracks is that it eliminates half the race-related revenue stream of a track and that's basically a death sentence. The track swapping Germany did was a ridiculous exercise that ended up dooming both tracks, combined with German folks' general disdain for buying race tickets which I don't really understand. Germany's situation is a bad comparison because while their market for F1 has all but dried up, the US market is just started to get tapped.
Another possibility is that adding more races in a stable and secure place with a huge potential market will allow F1 to drop controversial races, of which there are several. Russia has already been dropped, Saudi Arabia is under fire, literally, Azerbaijan is sketchy, among others. Plus there is still room to create a more efficient schedule to reduce travel time for the teams - Canada, Indy, Miami, Texas, and Vegas could all be run on 5 consecutive weekends in spring to avoid Florida's hurricane season.
Edit: Another important point is that this will be a night race in the US Pacific time zone, UTC-8 in November. According to a video on F1.com the race will start at 10pm, that means it'll be on at 6am in the UK. Oh, how the turntables.
Btw, the main straight at Vegas is about 2km long. To put that into perspective, that's about half a kilometer longer than the front straight at Monza including Parabolica, a half kilometer longer than Fuji's main straight, and nearly the same length as the first section of the Mulsanne from tertre rouge to the first chicane.
Text of the press release:
I've yet to find video of the announcement event which took place. Overall, this race stands to be quite the spectacle as I'm sure several of you who have been to Vegas can imagine. Picture a race in the Middle East - under the lights, clear skies and fine temperatures, all the colors of the rainbow shining down - minus the bombs and oil and controversy. Las Vegas is already a massive international tourist destination and offers much more to vacationers than just a race. Fans who plan correctly could turn this one race into an entire week's vacation in Vegas and the surrounding areas, visiting the Hoover Dam, Grand Canyon, Lake Mead, etc.The world-famous neon lights of Las Vegas will provide the backdrop to Formula 1’s newest race when the American city hosts a night event from 2023.
The Las Vegas Grand Prix will take place on a Saturday next November and be one of three races in the United States, joining Miami and Austin.
Las Vegas hosted races in 1981 and 1982 but this will be the first time F1 cars will race on the iconic Las Vegas Strip, with the circuit sweeping past famous hotels and casinos.
The 14-turn track will run for 3.8 miles (6.12km) with top speeds expected to hit around 212mph (342km/h).
The design features three straights, a high-speed cornering sequence and a single chicane section, with the Grand Prix to be run over 50 laps.
F1 and Liberty Media will work together to promote the race in partnership with Live Nation Entertainment and the Las Vegas Convention and Visitors Authority (LVCVA), as well as Founding Partners Caesars Entertainment, MGM Resorts International, and Wynn Las Vegas and Presenting Partners MSG Sphere, Resorts World Las Vegas and The Venetian Resort.
The news was announced at a glittering event in Las Vegas on Wednesday evening, with Liberty Media President and CEO Greg Maffei and F1 President and CEO Stefano Domenicali in attendance.
They were joined by local stakeholders including Nevada Governor, Steve Sisolak, CEO and President of the LVCVA, Steve Hill and President and CEO of Live Nation Entertainment, Michael Rapino.
“Iconic Las Vegas and Formula 1, the pinnacle of motorsport, is the perfect marriage of speed and glamour,” said Maffei. “Our confidence in this unique opportunity is evident in our decision to assume the promoter role for the Las Vegas Grand Prix in partnership with Live Nation.
“We could not be more excited to work with our local partners to create a marquee event. The potential of Formula 1 has been well demonstrated over the last several seasons and the Las Vegas GP will only take it to the next level.”
Domenicali added: “This is an incredible moment for Formula 1 that demonstrates the huge appeal and growth of our sport with a third race in the US. Las Vegas is a destination known around the world for its excitement, hospitality, thrills, and of course, the famous Strip.
“There is no better place for Formula 1 to race than in the global entertainment capital of the world and we cannot wait to be here next year. I want to thank everyone who helped deliver this event, especially Governor Sisolak, the Clark County Commission, Steve Hill at the LVCVA, and our local partners.”
Hill added: “We eagerly anticipate the moment when the history, energy and momentum of Formula 1 will culminate in an unforgettable Saturday night on the Las Vegas Strip. Spectators will experience the unrivalled thrill of watching these world-class drivers race through what is sure to become one of the most iconic racetracks in the world.
“Formula 1 and Liberty Media have been incredible partners, and we look forward to November 2023 when we once again showcase that Las Vegas is ‘The Greatest Arena on Earth’.”
I did not expect the track to look like that, I must admit. I was expecting a long spindly thing going up and down the strip along both sides. What they've come up with makes a bit more sense and looks to me like it'll be the highest speed track on the calendar, even faster than Monza with its artificial chicanes. Other than the hairpin, all the curves you see in the track layout are quite broad and likely full-throttle or close to it. Interestingly, the Sphere's current construction site shows no signs of having a circuit loop around the outside of it so I'd expect that project's plans to evolve slightly to accommodate the track. Also the backside of the track runs past several condo developments so we're going to have several people just chilling on their balconies for free like in Monaco.
I'm really curious to see where they put the paddock. It would be rad to have it along the Strip but visibility and space might be a concern. The hairpin area of the track - the dreaded "parking lot" that European fans keep talking about - has a lot more room for a paddock and other track services to be placed.
To pick up on discussion in another thread...
I would argue that the US market is now probably oversaturated with 3 races, and one is going to die quickly while the other 2 fight over what is left.
It will be interesting to see how attendance fares at the Miami venue. It’s a region that is notoriously fickle about professional sports even when home to top-level talent or championship-winning teams.
I feel like they should rotate 1 out to help the others if they intend on keeping them. Iirc, this is what Germany did with Nurburgring & Hockenheimring, right?
COTA just signed a new deal & is a purpose-built track. The other 2 are street circuits that could be swapped with each other.
I absolutely do not think the US market will be oversaturated with races and I'd argue that at least a fourth one at Indy should also return. COTA is a consistent sellout and is actually so busy that fans are complaining about a lack of permanent seating and regular events while the track operators are building an amusement park. This initial Miami race has extreme ticket prices which will likely drop considerably in the future making it much more friendly for general admission. The Vegas race basically has all the attendees baked in, it couldn't be easier to find a bunch of people who want to spend a bunch of money on such a cool event. And Indy has obviously never had any difficulties drawing fans for any type of race, previous F1 mismanagement notwithstanding.Only issue you run into is if F1 is hell-bent at running 30 races in a year. That would mean they'd need 7 more races? Vegas makes it 24 so where next? If you want to avoid running multiple races at the same track but don't have anything against running another race in countries you already are in.... does that open up Donnington? Magny-Cours? Nurburging? Hockenheim? (Both?) Sepang? Fuji? That would get to 30 but I'm not sure F1 would get exactly what they want from those tracks ($$$$$$).
The problem with swapping tracks is that it eliminates half the race-related revenue stream of a track and that's basically a death sentence. The track swapping Germany did was a ridiculous exercise that ended up dooming both tracks, combined with German folks' general disdain for buying race tickets which I don't really understand. Germany's situation is a bad comparison because while their market for F1 has all but dried up, the US market is just started to get tapped.
Another possibility is that adding more races in a stable and secure place with a huge potential market will allow F1 to drop controversial races, of which there are several. Russia has already been dropped, Saudi Arabia is under fire, literally, Azerbaijan is sketchy, among others. Plus there is still room to create a more efficient schedule to reduce travel time for the teams - Canada, Indy, Miami, Texas, and Vegas could all be run on 5 consecutive weekends in spring to avoid Florida's hurricane season.
Edit: Another important point is that this will be a night race in the US Pacific time zone, UTC-8 in November. According to a video on F1.com the race will start at 10pm, that means it'll be on at 6am in the UK. Oh, how the turntables.
Btw, the main straight at Vegas is about 2km long. To put that into perspective, that's about half a kilometer longer than the front straight at Monza including Parabolica, a half kilometer longer than Fuji's main straight, and nearly the same length as the first section of the Mulsanne from tertre rouge to the first chicane.
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