P1racenews AI automatic summary:
Liberty Media bosses predict that F1 will bring more than $1 billion to the local Las Vegas economy from this weekend’s money-spinning grand prix.
The construction of the pit building and circuit in Las Vegas has caused disruption for both locals and tourists. The estimated cost for Formula 1 is around $500 million. The event is expected to generate around $1.7 billion in revenue for the area. The CEO of F1’s owners, Liberty Media, has apologized to Las Vegas residents for any inconvenience caused. This year’s race is expected to be the most challenging due to the ongoing construction, but future events should be easier. F1 has taken the unusual step of purchasing land in Las Vegas and building its own facilities, including a 300-square-foot headquarters.
Forrás: Crash
