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


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.

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Associated Press


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