In the lead-up to the first-ever Las Vegas Grand Prix in November, contractors are racing to repave streets, build temporary bridges and grandstands, and complete a $480 million building: “It’s one of the most aggressive programs of construction and design I’ve seen.”
In June 2022, John Malone’s Liberty Media, which owns Formula One Group, bought 39 acres of land on the northeast corner of Koval Lane and Harmon Avenue for the Paddock Building. Miller says that before they even had a design, the purchasing of construction materials began to avoid supply chain delays. In November 2022, F1 and Liberty Media hosted a groundbreaking ceremony. At the beginning of October 2023, they are expected to earn an occupancy permit.
An extensive street-paving project required to create the 3.8-mile raceway started in April, affecting the Strip and adjacent roads and disrupting driving for resort guests and casino employees who service the resort corridors 150,000 rooms. Locals once boasted that it only took 15 minutes to get anywhere within the easy-to- navigate city. That narrative has been replaced with gripes about gridlock and orange cones.
“With our paving routines, we’ve tried to avoid shift changes [at resorts] and paving all the way across service drives so we can keep business functioning. It’s not just a civil engineering process. It’s a planning process. It’s a logistics process,” he says. “There’s no other F1 facility like this one, it is going to be the largest. The accommodations we’ve given the teams are unprecedented because we went beyond what their requirements are. We gave them more because it’s Las Vegas. It’s going to be the North American headquarters for F1,” Miller says.
Outside of the hospitality suites and luxury clubs, tickets range from general admission and grandstands with food by Wolfgang Puck to premium clubs with 10 zones throughout the track. Pricing per person on Heineken House starts at $8,000 plus taxes and fees; Club SI is $7,000; and Club Paris is $5,500.
“One of the things that is significantly different is the city in which we’re building. When F1 approached Las Vegas, business owners, elected officials recognized how important it would be to have the circuit in the heart of the resort corridor. That’s not a small undertaking,” Miller says. “We had to make sure every [resort] understood the implications because when we put the track in place, there is disruption. We have to pave that entire circuit.
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