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 calendar - is next weekend, culꦛminating in a race which is on Saturday night (local time) and 6am Sunday morning (UK time).
The land that the paddock and circuit have been built upon r♔eprese❀nts a major new strategy by Liberty Media, the owners of F1.
They purchased𓆉 the land for $240m and spent a similar amount on constructing a state-of-the-art pit building -🍃 meaning the total cost nears 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 d💮ecade ago!
Th𝔍e Las Vegas Grand Prix pit building is a 39-acre site. On its roof, it is fitted with an F1 logo.
The main building is 300-square-feet and fo🀅ur storeys. It will become F1’s US headquarters after next weekend’s race.
The Las Vegas Sphere
The 36ꦰ6-fe♈et-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 specꦍtacle in the heart of Sin City.
The Sphere was o𝓀pened 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, an🐲d has already posted huge messages in the countdown to the event.
But it’s not all good news…
Th꧑e Sphere posted an operating loss of $98.4m 🎶in its first fiscal quarter ending 30 September, The Las Vegas Sun .
