F1 reaches agreement to host Grand Prix in Miami

F1 reaches agreement to host Grand Prix in Miami

F1 reaches agreement to host Grand Prix in Miami

The proposal still needs approval from Miami-Dade County commissioners, with the Miami Herald reporting that both Commissioner Barbara Jordan and Miami Gardens Mayor Oliver Gilbert have come out publicly against the event, while there has also been opposition from Miami Gardens residents fearing disruption in the area.

In their statement, F1 commercial boss Sean Bratches and Tom Garfinkel, the chief executive of Hard Rock Stadium, emphasised the financial benefits to the city of the race.

Though there remains the little matter of convincing the locals, F1 and the Hard Rock Stadium have agreed in principle to host a Miami Grand Prix in 2021.

Formula One had plans to include a race in Miami for the 2019 season buffer "complicated negotiations" these plans were cancelled.

Residents have raised concerns about traffic, noise and pollution and are being backed by key commissioners from Miami-Dade council, which is due to vote on the plans in the coming weeks.

"With an estimate annual impact of more than $400m and 35,000 room nights, the F1 Miami Grand Prix will be an economic juggernaut for South Florida each year", the statement said.

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"We are deeply grateful to our fans, elected officials and the local tourism industry for their patience and support throughout this process", Garfinkel added.

The venue for the event - which will provide the USA with a second F1 Grand Prix after Austin - will be a circuit laid out around the home of the NFL's Miami Dolphins.

According to the Miami Herald, Dolphins and stadium owner Stephen Ross will cover all race costs, including an expected US$40 million custom track.

However, a new venue has been found, incorporating the Hard Rock Stadium, home of the city's National Football League team, the Dolphins.

And while some hospitality businesses are excited about the prospect of hundreds of thousands of F1 fans visiting Miami every year, it has been reported some local businesses and residents remain opposed to the city hosting the event.

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