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

Locals and tourists have been disrupted by th𝕴e enormous operation to build the p🐈it building and circuit in the heart of the city.
The cost to F1✃ has been estimated at around $500m.
“We’re goiꦜng 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 ꦛto all the Las Vega🍎s residents and we appreciate that they have their forbearance and their willingness to tolerate us.
“Iඣt’s not just for the benefit𝔍 of fans who want to view. We hope this is a great economic benefit in Las Vegas.
“We hope this is the most difficult year with all the construction that wenꦰt on a✤nd things will be easier in the future.
“There will be 105,000 people so the sheer sca𝓀le of it, even for Las Vegas, will be the largest event Las Vegas will have.”
F1’s 10-year deal with Las Vegas
Unu𒆙sually for Formula 1, they have chosen to purchase land in Las Vegas whe💎re they have built their own pit building and brand-new track.
Normally they work with a local promoter to stage their bigges🤪t races.
But in Vegas, F1 has stru꧂ಞck a 10-year deal to race.
They invested around $240m to build the pits anꦿd the paddock.
The main building - which spans 300-🐼square-feet and four storeys - will become F1’s US headquarters after this grand prix.

James was a sports journalist at Sky Sports for a decade covering everything from American sports, to football, to 𓂃F1.