“The level of inconvenience that’s been caused this year is not going to be repeated,” Wilm says.

The race track surface should hold about six years without having to be redone. The road work involves taking out some medians as well as removing 5 to 10 inches of road that is then replaced with a denser pavement, followed by the application of a racing layer that “is smooth and has no ripples,” says Miller. To bring an event of this magnitude and shut down the roadways at the same time there’s just no playbook for this.”

“There are other street races on our calendar, such as Monaco and Singapore, but even when you consider those, this is a living, breathing city, that’s 24 hours, nonstop action. “We are holding an event that’s never been done before,” Wilm says. They asked me if I would start going out to Vegas and begin the dialogue to get to know the regulators and the local stakeholders.”įrom that point forward, things began to move rapidly, with Wilm rallying the support of business owners, Clark County Commissioners, the public works department and the Las Vegas Convention and Visitors Authority (LVCVA). They are very interested in holding a race in Las Vegas in 2023. “Then fast forward a year later to a phone call from my colleagues in London. I got to know a lot about Formula One and their process,” says Renee Wilm, chief legal and administrative officer of Liberty Media and CEO of Las Vegas Grand Prix. I was the lead mergers and acquisitions lawyer on the transaction. “ acquired Formula One about seven years ago. At the beginning of October 2023, they are expected to earn an occupancy permit. In November 2022, F1 and Liberty Media hosted a groundbreaking ceremony. Miller says that before they even had a design, the purchasing of construction materials began to avoid supply chain delays. In June 2022, John Malone’s Liberty Media, which owns Formula One Group, bought 39 acres of land on the northeast corner of Koval Lane and Harmon Avenue for the Paddock Building.

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