P1racenews AI automatic summary:
After Madrid, could Osaka be next city to grab a Formula 1 race?
After successfully hosting races in Jeddah, Miami, and Las Vegas, F1 is now exploring potential candidate cities for future events. One interesting contender is Osaka, Japan’s third most populous city, which has formally announced its intention to become an F1 candidate. The Osaka tourism bureau believes that hosting an F1 race would attract wealthy tourists from Europe, America, and Australia and help revitalize the city’s nighttime economy. While negotiations for a race contract have not yet begun, preliminary contact has been made with F1 personnel. The final location for the race has not been determined yet, with options ranging from a street race through the city to a permanent track in a nearby prefecture or a hybrid-style format around the Osaka Expo site on Yumeshima Island. The financial aspects of the project are being evaluated, with private funds likely to be used. However, the project is expected to take several years to come to fruition. The potential addition of an F1 race in Osaka raises questions about the future of the Japanese Grand Prix currently held in Suzuka.
