AP Texas

Vegas tourism board allocates $6.5M a year for Formula One

Published May 11, 2022 12:16 PM

LAS VEGAS (AP) — Tourism officials in Las Vegas have committed $19.5 million over the next three years to sponsor Formula One races on a course that includes the Las Vegas Strip. The Las Vegas Convention and Visitors Authority board voted unanimously to spend $6.5 million per year. Last week, F1 owner Liberty Media announced plans to pay $240 million to buy property near the Strip for a pit and paddock complex. Officials expect the race to attract tens of thousands of fans and boost Las Vegas as a tourist and sports destination.

Article Topic Follows: AP Texas

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.