Formula One Is Coming to Miami
By Jason Tesauro May 10, 2018, 1:55 PM CDT
https://www.bloomberg.com/news/artic...oming-to-miami

"Thursday afternoon the Miami City Commission approved Resolution No.22 to “bring the Formula 1 Racing Circuit to the City of Miami for the Formula 1 Miami Grand Prix from 2019 to 2028.” A U.S. expansion of the famed European racing league has been variously attempted for years; it’s a top priority for Liberty Media Corp., the new F1 owner. Las Vegas and New York (technically, New Jersey) have also been discussed."

"F1 presents a serious economic opportunity to host locations, given its 500 million global fans and 21 races across five continents, broadcast to 1.8 billion viewers and 15 million followers on social media. Currently, the only U.S. race takes place in Austin. It delivered $2.8 billion of benefits from 2012–2015 and generated over 200,000 visitors over race weekends, according to data provided to the Commission by F1. In Miami, those numbers should only grow."

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