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Miami's City Commission is set to take a vote that could move the proposal for a Formula 1 Grand Prix in the city closer to reality.
The vote is scheduled to take place on March 28th.
F1 previously looked ready to add Miami to the calendar for the 2019 season, however that deal was delayed by the city after a meeting that was held last September.
Liberty Media, F1's commercial rights holders, have been working with the city ever since in an attempt to resolve the delays. However, progress was not being made smoothly, with stickiness appearing between the involved parties.
Bayfront Park Management Trust has jurisdiction over the used my much of the track around the harbour area. The situation is not easy as the F1 organisation, promoter South Florida Racing, the City of Miami are also involved in the deal.
But it is now believed that a deal is starting to form, and now the City Commission is set to vote on whether or not plans for a 2020 race can be taken further.
The resolution that will be voted on comments: "The City Commission wishes to authorise the City Manager to execute the Host City Agreement and the Park Use Agreements for the Formula 1 Miami Grand Prix, between the City of Miami ("City"), the Bayfront Park Management Trust ("Park"), South Florida Racing, LLC. ("SFR") and Formula One World Championship Limited ("Formula One"), in a form acceptable to the City Attorney (collectively, "Agreements").
"The City Commission wishes to allow SFR and Formula One to run the Formula 1 Miami Grand Prix from 2019 through 2029 with a fan festival to be held in October of 2018 pursuant to the Agreements."
It's added that the resolution is being put forward "after an advertised public hearing, ratifying, approving, and confirming the City Manager's finding that competitive negotiation methods and procedures are not practicable or advantageous; waiving the requirements for said procedures."
Grand Prix of Belgium
C. Sainz jr
calle.itw
Posts: 8,527
Again, I get that this looks like an interesting proposal from a marketing PoW, but from most other PoWs, why not host it on any of the really awesome tracks the U.S is in possession of? Indy, Watkin's Glen, Laguna Seca, just pick one, doesn't even have to be one of those I recall on top of me he... [Read more]