Motorsport Week
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Formula 1
    • 2025 Formula 1 Calendar
    • 2025 Formula 1 Standings
  • Formula E
    • 2025 Formula E Calendar
    • 2025 Formula E Standings
  • IndyCar
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WRC
    • 2025 WRC Standings
    • 2025 WRC Calendar
  • MotoGP
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
  • WEC
    • 2025 WEC Calendar
  • IMSA
    • 2025 IMSA Calendar
  • World SBK
  • More
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

F1 to pay $240m for a slice of land in Las Vegas to house paddock

by Ryan Wood
3 years ago
A A
1
F1 to pay $240m for a slice of land in Las Vegas to house paddock
Share on FacebookShare on Twitter

Formula 1 is making a major investment in the upcoming Las Vegas Grand Prix, which is set to join the calendar in 2023.

The sport recently announced it would race on the famous Las Vegas ‘Strip’ next year, with the cars racing past landmarks including Caesars Palace, The Bellagio fountains and more, but the question of where the paddock will be situated remains.

However it has emerged that F1 is to buy up a piece of land to construct a permanent pit and paddock complex east of the strip, costing $240 million (£195m).

Early indications were that the paddock could be housed almost a mile from the track, with shuttle vehicles having to transport team members and drivers between the track and paddock.

RelatedPosts

The Race Makers were on hand to assist a record crowd at the 2025 F1 British GP

The Race Makers: The stars behind the scenes at Silverstone

8 hours ago
Christian Horner was emotional as he expressed Red Bull staff

Christian Horner’s parting speech to Red Bull F1 staff revealed

11 hours ago

This purchase solves that problem and will mean the paddock can be located much closer to the strip and start/finish line.

“You can’t have not heard about the announcement of our Las Vegas GP for November 2023,” Liberty Media CEO Greg Maffei said in an investors call on Friday. “As we’ve noted before, that’ll be a night race down the strip.

“Notably and differently than most places, F1 and Liberty Media are self-promoting the race in partnership with local stakeholders and Live Nation.

“I would note that Liberty Media did enter an agreement to acquire 39 acres east of the strip to lock in circuit design and create capacity for the pit and paddock, among other hospitality and race support venues.

“I expect that transaction will close in the second quarter, and the purchase price was $240 million, which will be funded by cash on hand at the F1 group level.”

Tags: F1LasVegasGP
Share200Tweet125Share

Related Posts

The Race Makers were on hand to assist a record crowd at the 2025 F1 British GP
Feature

The Race Makers: The stars behind the scenes at Silverstone

8 hours ago
Christian Horner was emotional as he expressed Red Bull staff
Formula 1

Christian Horner’s parting speech to Red Bull F1 staff revealed

11 hours ago
Paddock atmosphere - Red Bull Racing logo at sunset. 21.03.2025. Formula 1 World Championship, Rd 2, Chinese Grand Prix, Shanghai, China, Sprint Qualifying Day
Formula 1

Red Bull sees further dismissals from F1 team amid Christian Horner exit

11 hours ago
Load More

Comments 1

  1. Gordy says:
    3 years ago

    Looks like an Indycar circuit.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Upcoming Races

#EventDate
13Belgian GP25-27 July
14Hungarian GP01-03 August
15Dutch GP29-31 August
16Italian GP05-07 September
17Azerbaijan GP19-21 September

Click here for the full 2025 F1 calendar

Drivers’  Standings

#DriverPts
Oscar Piastri234
Lando Norris226
Max Verstappen165
George Russell147
Charles Leclerc120
Lewis Hamilton103
Andrea Kimi Antonelli63
Alexander Albon44
Nico Hulkenberg37
Isack Hadjar28

Click here for full Drivers’ Standings

Latest Articles

The Race Makers were on hand to assist a record crowd at the 2025 F1 British GP
Feature

The Race Makers: The stars behind the scenes at Silverstone

July 9, 2025
Christian Horner was emotional as he expressed Red Bull staff
Formula 1

Christian Horner’s parting speech to Red Bull F1 staff revealed

July 9, 2025
Paddock atmosphere - Red Bull Racing logo at sunset. 21.03.2025. Formula 1 World Championship, Rd 2, Chinese Grand Prix, Shanghai, China, Sprint Qualifying Day
Formula 1

Red Bull sees further dismissals from F1 team amid Christian Horner exit

July 9, 2025

Follow Motorsport Week

Join our daily motorsport newsletter

* indicates required

Motorsport Week

© 2024 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • 2025 F1 Calendar
    • 2025 F1 Championship Standings
  • Formula E
    • Latest News
    • 2025 FE Calendar
    • 2025 FE Championship Standings
  • MotoGP
    • Latest News
    • 2025 MotoGP Calendar
    • 2025 MotoGP Standings
    • Moto2
    • Moto3
    • World Superbikes
  • WRC
    • Latest News
    • 2025 WRC Calendar
    • 2025 WRC Standings
  • IndyCar
    • Latest News
    • 2025 IndyCar Calendar
    • 2025 IndyCar Standings
  • WEC
    • Latest News
    • 2025 WEC Calendar
  • Live Updates
  • Other
    • IMSA
    • Formula 2
    • Formula 3
    • F1 Academy
    • Moto2
    • Moto3
    • World Superbikes
  • Galleries
  • About/Contact
  • Privacy Policy

© 2024 Motorsport Media Services Ltd