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F1 Owners Issue Apology to Furious Las Vegas Residents Over Controversial $500 Million Grand Prix

, F1 Owners Issue Apology to Furious Las Vegas Residents Over Controversial $500 Million Grand Prix

Locals Outraged by Road Closures and Tourist Hotspots Blocked by Grandstands

The owners of Formula One (F1) have been forced to issue an apology to the residents of Las Vegas due to the negative impact caused by the upcoming Grand Prix. The logistical operation, which includes road closures and the blocking of tourist hotspots with grandstands, has sparked outrage among locals.

CEO of Liberty Media Apologizes for the Inconvenience

Greg Maffei, CEO of Liberty Media, the company that owns F1, expressed his apologies to the Las Vegas residents. He acknowledged the frustration caused by the construction and traffic disruptions and appreciated the patience and tolerance shown by the community. Maffei also expressed hope that the economic benefits of the event would outweigh the inconvenience experienced by the locals.

$500 Million Invested in the Race

Liberty Media has invested approximately $500 million (£400 million) in the race, which includes resurfacing the roads, constructing a new paddock and garages, and setting up grandstands. The company aims to capitalize on the sport's growing popularity in the US, fueled by the success of the Netflix series "Drive to Survive."

Concerns Over Ticket Sales

Despite high expectations, there are concerns that the race may not meet attendance targets. Hundreds of seats and hotel rooms remain unsold, and ticket prices have been slashed to attract more buyers. The average price for a grandstand seat on Saturday's race is still a staggering $1,060 (£800).

, F1 Owners Issue Apology to Furious Las Vegas Residents Over Controversial $500 Million Grand Prix

Focus on TV Audience

While the organizers do care about the paying fans, like other US sports, their main focus is on the TV audience. The race is scheduled for Saturday at 10 pm local time, which may not be ideal for viewers on the East Coast who will likely be asleep. However, the owners hope to attract a significant television audience.

Challenges Ahead

The race itself may face challenges as well. The track temperatures are expected to be around five degrees, which is not optimal for F1 tires that perform better in warmer conditions. Additionally, there have been mixed reactions from the drivers regarding the race.

A Never-Before-Seen Feature: A Wedding Chapel

Despite the controversies, the expected 100,000 spectators will have a unique experience at the F1 Grand Prix in Las Vegas. For the first time in F1 history, there will be a wedding chapel available for those who want to tie the knot during the event.

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