The staggering cost behind F1 Las Vegas Grand Prix big-money pit building
The Las Vegas Grand Prix - the standout date in the 2023 F1 c🥃alendar - is next weekend, culminating in a race which is on Saturday night (local time) and 6am Sunday morning (UK time).
The land that the paddꩲock and circuit have been built upon represents a♎ major new strategy by Liberty Media, the owners of F1.
Th♔ey purchased the land for $240m and spent a similar amount on constructing a state-of-the-art pit building - meaning the total cost nea𒊎rs 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 Grand Prix pit building is a💯 39-ac🅺re site. On its roof, it is fitted with an F1 logo.
The main building is 300-square-feet and four storeys. It will beᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚcome F1’s US headquarters after next weekend’s ra💟ce.
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 spectacle in the hear꧃t of Sin City.
The Sphere was opened by a pair of concerts♓ by U2, who 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 e🐲vent.
But it’s not all good news…
The Sphere posted an operating loss of $98.4m in its first fiscal quarter ending 30 Se📖ptember, The Las Vegas Sun .
