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F1 owner Liberty Media to purchase Vegas land for $240m

Formula 1’s owners Liberty Media will purchase land for the pit and paddock complex to be built for next year's Las Vegas Grand Prix for $240 million. The track layout unveiled last month showed the circuit will utilize exiting roads for the majority — including a major section on the iconic Strip — but with currently undeveloped land to the east of Koval Lane being used for the pit and paddock, as well as the start/finish straight. On a Liberty Media earnings call, Liberty CEO Greg Maffei confirmed the level of investment that the sport will be making into the circuit itself. “As we have noted before it’ll be night race down the Strip and notably — and differently...
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6mo ago from Racer.com 0
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