F1 2024: Las Vegas Grand Prix in Better Shape After Ironing Out Inaugural Year Kinks That Nearly Ruined Race

Mumbai, November 21: There's never been a faster, more jaw-dropping 180-degree turn than the one Max Verstappen took a year ago at the inaugural Las Vegas Grand Prix. The Dutchman hated the event even before he arrived—residents were also outraged, but for different reasons—and argued that Liberty Media's F1 portfolio showcase had become a spectacle instead of a sporting event. The enormous, illuminated Sphere on the Strip rotated driver images, and prices for anything from tickets to hotel rooms were costly. F1 2024: Greg Maffei Steps Down as CEO of Liberty Media, Company That Owns Formula One.

Liberty is believed to have spent nearly USD 1 billion to promote its first Formula 1 event. (Much of that money was spent on one-time costs like land acquisition, a permanent pits building and road repaving). Verstappen, closing in on his third consecutive championship last November, was in a sour mood even before the opening ceremony.

LED lighting, an expansive drone show and musical acts were all in front of an estimated 30,000 spectators until finally drivers were elevated from inside elaborate boxes/stages to be introduced in their fire-suits. There were plenty of bumps from there, including a valve cover that popped off a manhole during the first practice and nearly destroyed Carlos Sainz's car.

But, by the time Verstappen crossed the finish line for his 18th win of the season, he was singing “Viva! Las Vegas!” on his radio. And, his grin was enormous as he watched the massive fireworks display over the Strip.

“I get it,” Verstappen said late Wednesday night of the event. “I don't want to be negative, but I get it. I mean, I understand why we are here, business-wise and racing-related-wise.” Formula One To Host First Ever Season Launch Event at London’s the O2 Arena With 10 Teams.

Just like that, a race that seemed on a crash course for failure was stamped as one of the best of the 2023 season. The encore has arrived, with the first practice for the Las Vegas Grand Prix scheduled for Thursday night. So much has changed and that started a year ago following a race considered one of the most competitive and compelling of the season.

Changes from 2023

An economic impact report released months after the 2023 race showed it generated a net economic impact of USD 1.5 billion which, according to analysts, made it the most lucrative event in Las Vegas history. Attendees spent 3.6 times more than the average visitor, generating USD 884 million in economic impact, and the race generated USD 77 million in tax revenue, also the most in city history.

More than the Super Bowl, held in Las Vegas just over two months later. Race organizers supported around 2,200 jobs for the construction of the course and permanent pit paddock, but even without that this time around the Las Vegas Convention and Visitors Authority is still expecting at least USD 250 million in revenue this year.

Local businesses complained they lost millions of dollars last year because of nonstop construction that disrupted customer access but there has been very little criticism this time around. Renee Wilm, the CEO of the LVGP and a longtime Liberty Media employee, admitted that promoters had not adequately communicated with the local community about potential headaches. F1 Race Director Niels Wittich Steps Down With Three Races To Go in Formula One 2024–25 Season, Rui Marques Named As Replacement.

“The tone has changed dramatically,” Wilm told The Associated Press, calling new communications director Lori Nelson-Kraft “a force of nature" who has built relationships throughout the city.

Wilm added community events that hosted foster children, backpack and sneaker giveaways, and parties on Grand Prix Plaza that included DJs and activities — all an effort to "really give back to the community that has helped us significantly to be more welcomed this year.”

What's new?

Well, the drivers don't have to sit through an elaborate opening ceremony and then pop out of boxes. Wilm said instead they would be the guests at a private dinner inside the paddock Wednesday night. There's also a free off-site fan zone this year for those who do not attend, as well as an additional 10,000 general admission tickets in three new fan zones, some with access to unassigned, bleacher-style grandstand seating.

There are more single-day event tickets rather than the overwhelming amount of three-day packages — and all the valve covers have been properly secured to avoid a repeat of the Ferrari fiasco that pushed a practice to run until 4 am.

Wilm said the changes were to address spectators who wanted to experience the event but not at the price scale charged in year one when Las Vegas was the most expensive grand prix on the F1 calendar. Single-day general admission tickets start at USD 99.

The Ferrari Challenge has been added as a support event so fans can now see more than just the F1 show. On the T-Mobile and Heineken Silver stages, global stars Ludacris, Alesso, OneRepublic, Snakehips and Vandelux are set to perform. F1 Racer Yuki Tsunoda ‘Nearly’ Denied Entry in USA Ahead of Las Vegas GP 2024, Scuderia AlphaTauri Driver Confirms Interrogation.

Community Investment

LVGP has committed USD 1 million in cash to local nonprofit organizations and USD 1 million in event tickets to honour residents identified as key community contributors, including local education staff, Make-A-Wish patients and others. Promoters have also added community watch parties, the F1 fan experience and “Graduates on the Grid,” allowing UNLV engineering students to tour Grand Prix Plaza and meet with F1 teams.

Luxury remains While the soaring costs of the inaugural race surpassed Liberty estimates — much of it in one-time infrastructure costs — the paddock and garages will still be transformed into Las Vegas' trendiest restaurants. Access to the Paddock Club Rooftop offers 360-degree views of the circuit and an ice skating rink has been added.

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