After preliminary approval from the city, Miami is near to receive a Grand Prix of Formula 1May 12, 2018
The possibility of Miami hosting a Formula 1 GP starting next season has increased on Thursday, May 10th, after Miami’s city officials voted unanimously to enter formal negotiations to host the street race in Downtown.
Sean Bratches, managing director of commercial operations of Formula 1, released an official statement this week:
“With the unanimous votes at both the City of Miami and Miami-Dade County’s Economic Development and Tourism Committee, we are very pleased to have received preliminary approval towards bringing a Formula 1 Grand Prix to Miami. We recognize that this is only the start of the process and we will immediately get to work with the various community stakeholders, the City of Miami, the Port of Miami, Bayfront Park Management Trust and others, to reach a final agreement. Formula 1 in Miami represents a fantastic opportunity to bring the greatest racing spectacle on the planet to one of the world’s most iconic cities, and we are delighted that the journey is underway.”
“The exact timing of a Formula 1 Miami Grand Prix would be a matter for further discussion between F1, the FIA, and the Miami authorities, but we hope at this stage that the inaugural race would take place in October 2019,” finishes the statement.
Liberty Media, the new owner of F1 rights, aims to extend the number of events and bring competition to new circuits outside Europe, with the United States and Asia as the primary markets.