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, culminating in a race which i♎s on Saturday night (localᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚ time) and 6am Sunday morning (UK time).
The land that the paddock and circuit have been built upon represents a major new strategy by Liberty Media, the owner⭕s of F1.
They purchased 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 dolཧlars.
The Pit Building is READY!
— F1 Las Vegas (@F1LasVegas)
Com�𝄹�pare that with the $43.6m spent on Silverstone’s updated building a decade ago!
The Las Vegas Grand Prix pit building is a 39-acre site. ⛄On its roof, it💙 is fitted with an F1 logo.
The main buildin🍎g is 300-square-feet and four st♍oreys. It will become F1’s US headquarters after next weekend’s race.
The Las Vegas Sphere
Thꦫe 366-feet-tall, 18,0𓄧00-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 fit⛎ted with 1.2 million LED lights making it an ཧincredible spectacle in the heart of Sin City.
The Sphere was opened by a pair of concerts by U2, who went viral for꧙ ment🔯ioning F1 during an on-stage speech.
It is set to be a major part of the F1 Las Vegas Grand Prix, and has already post💧ed huge messages in the countdown to the event.
But it’s not all good news…
The Sphere posted an operating loss of $98.4m൩ in its first fiscal quarter ending 30 September, The Las Vegas Sun🐲 .
