Formula One plans to come to Downtown Miami.May 3, 2018
Formula One has announced plans to stage a street race in downtown Miami.
If commissioners approve, the first race would be held in October 2019, and be held annually for a decade. A vote on opening negotiations is scheduled for May 10, with a deal supposed to be reached by July 1 if approved.
Mayor Francis Suarez told The Independent that it would cost the city just $500k per year (other cities have paid up to $40 million in fees just to become a host). The other 99% of costs would be covered by private sources.
Dolphins owner Stephen Ross is helping to lead the plan.
Construction, including road resurfacing, would also be needed to accommodate the race.
Source credit The Next Miami
Formula 1 website : https://www.formula1.com/
Photo credit: Formula 1