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 is on Saturday nig🅘ht (local 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, th🧜e owners 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 dollars.
The Pit Building is READY!
— F1 Las Vegas (@F1LasVegas)
Compare 🌃that with the $43.6m spent on🀅 Silverstone’s updated building a decade ago!
The Las Vegas Gra💖nd Prix pit building is a 39-acre site. On its roof, it is fitted with an F1 𝐆logo.
The main building is 300🅘-square-feet and four storeys. It will become F1’s US headquarters after next weekend’s race.
The Las Vegas Sphere
The 366-feet-tall, 18,000-person Sphere iꦍs a remarkable sight, and is the large🅠st 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 spectacle in🍌 the heart of Sin City.
The Sphere was opened by a pair of concerts by U2, who went viral for mentioning F1 d𒆙uring an on-stage speech.
It is set to be a major part of the F1 Las Vegas Grand Prix, and has already pos🥀ted huge messages in the countdown to the e𝄹vent.
But it’s not all good news…
The Sphere posted an operating loss of $98.4m in its first fiscal quarter ending 30 Septem💛ber, The Las Vegas Sun .
