Formula One’s Las Vegas Grand Prix is approved to use the famed Strip until 2032
What happens in Vegas stays in Vegas, provided all the requisite paperwork is in order and local government gives its approval.
That’s the case with Formula One, which has been granted permission to run the Las Vegas Grand Prix on the city’s famed Strip until the year 2032. The Clark County Commission passed the motion on Tuesday, guaranteeing F1’s newest race a decade-long run in the gambling mecca.
What’s more, the move creates the possibility of turning the Las Vegas Grand Prix into a permanent fixture on the city’s increasingly crowded sports calendar.
‘I think it’s important to note that we have a three-year contract with Formula One, but we anticipate a lifetime in partnership,’ Clark County commissioner James Gibson said.
‘This will open the pathway to be able to do it for at least 10 years. And then beyond that, I’m sure that those who succeed us will see the value in what we’ve done and continue doing it forever.’
The inaugural Las Vegas Grand Prix will send drivers 50 times around a 3.8-mile circuit
George Russell drives during a demonstration along the Las Vegas Strip at a launch party for the Formula One Las Vegas Grand Prix, Saturday, November 5, 2022
The ruling mostly applies to the Strip, a stretch of Las Vegas Boulevard South known for casinos and resort hotels that takes its name from Hollywood’s Sunset Strip.
However, it also grants waivers for organizers to close off other areas of Las Vegas Boulevard ‘Wednesday through Sunday, the week prior to the Thanksgiving holiday in November in the years 2023 through 2032.’
The 3.8-mile race will include several of Vegas’ many landmarks, including the Bellagio fountains, Mandalay Bay, Caesars Palace, and the new ball-shaped MSG Sphere.
And unlike other F1 races, Vegas’ will take place on Saturday evening as opposed to Sunday afternoon, when most events typically take place.
VIP packages for the race are already well into the seven-figure range.
In December, Caesars Entertainment revealed its ‘Emperor Package,’ which costs a whopping $5 million.
The package includes: a dozen Paddock Club passes throughout race week, tickets to see Adele in concert at Caesars Palace, five nights in a 4,700-square-foot terrace suite overlooking the racetrack, around-the-clock butler service, use of a chauffeur-driven Rolls-Royce, and a private meal with Michelin-starred chef Nobu Matsuhisa.
A general view as the car of Sergio Perez of Mexico and Red Bull is moved into position during the Formula 1 Las Vegas Grand Prix 2023 launch party on November 5
Adele is shown on opening night of ‘Weekends With Adele’ at the Colosseum at Caesars Palace on November 18 in Las Vegas. Those spending $5 million on the Emperor Package will get two tickets to see her sold-out show
Chef Nobu Matsuhisa serves sake during the grand opening celebration of Nobu at Paris Las Vegas on April 27 in Las Vegas, where lucky Emperor Package guests will get a private meal
There will be a VIP host to coordinate everything for the Emperor Package guests, including nights at the OMNIA Nightclub and the Qua Baths & Spa at Caesars Palace.
The Villa also includes an outdoor Zen Garden with a Japanese onsen tub, a billiards table, full bar, outdoor kitchen, as well as a sauna and private spa treatment room, not to mention a private elevator.
The extravagant vacation is five times more expensive than a similar offering Wynn Las Vegas unveiled in November, and potentially costlier packages could be in store for Las Vegas in 2024, when the city hosts its first Super Bowl.
The race in Vegas is expected to be the most expensive sporting event on Formula One’s agenda next year. The price starts at $500 for a three-day general admission pass. Those seats were only added after fans complained that hotels planned to purchase massive ticket blocks and repackage them into entertainment experiences ranging from $100,000 to $1 million.
Ahead of tickets first going on sale in November, seats in the grandstands started at $2,500.
A Formula 1 racing team car from Oracle Red Bull Racing burns out on the Las Vegas Strip during the Las Vegas Grand Prix Launch Party, ahead of the 2023 Inaugural Las Vegas Grand Prix, at Caesars Palace, in Las Vegas, Nevada, on November 5
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