News Details

Formula 1 to spend $ 240-Million on Las Vegas land

Formula 1‘s commercial rights holders Liberty Media are out shopping for a plot of land in Las Vegas for $240-Million to locate the pit and paddock complex for a grand prix next year, they said on Friday. The floodlit race, to be held on a Saturday, will be the third U.S. round on the calendar after Austin and Miami. Formula 1 and Liberty Media are self-promoting the race with their Live Nation entertainment company and local stakeholders. '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,' Liberty CEO Greg Maffei told analysts on a first quarter earnings call. 'I expect that transaction...
Full Story »
1y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Liberty in $240m Las Vegas land deal

Liberty Media CEO Greg Maffei reveals that a $240m deal sees F1 buy a plot...
1y ago from Pitpass.com

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

Formula 1’s owners Liberty Media will purchase land for the pit and...
1y ago from Racer.com

F1 reveal $240million Las Vegas GP purchase

Liberty Media CEO Greg Maffei has revealed a $240million land purchase in...
1y ago from GPFans.com

F1 owners spend $240m on Vegas site for pit and paddock

Liberty Media is to pay out $240 million to purchase a plot of land to...
1y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Vinales: Aprilia COTA MotoGP win has ‘different...

Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
11h ago from MotorsportWeek.c...

Ducati: Bastianini's COTA MotoGP podium an...

Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Neuville and Evans tied to a tenth!

Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...

Popular On GunnersToday.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.