Deal in principle: Formula 1 is on track for Miami Grand Prix in 2021
Formula 1 looks set to be heading to Miami in 2021 with a deal in principle agreed between Formula 1 and businessman Stephen Ross. According to reports out of Miami, the street circuit will run around the Hard Rock Stadium, home of the Miami Dolphins football team.
For some time now, Miami has been seen as one of the destination cities that F1 officials have pinpointed for a future Grand Prix. In 2018, initial plans were drawn up for a potential Grand Prix circuit that was centered on the port area and featured a loop around the downtown American Airlines Arena along Biscayne Bay.
This original layout was met with little fanfare as it looked unlikely to produce the kind of racing that would excite fans, and protests from locals played a part in the abandonment of those original plans. The new layout, however, has been met with a more upbeat reaction.
The prominent long straights will allow for slipstreaming and overtaking while the hairpins will do the same. The main feature of the circuit is the Hard Rock Stadium, owned also by Ross’s RSE Ventures organization.
A joint statement issued by Dolphins vice chairman and CEO Tom Garfinkel and F1 commercial managing director Sean Bratches read, “We are thrilled to announce that Formula 1 and Hard Rock Stadium have reached an agreement in principle to host the first-ever Formula 1 Miami Grand Prix at Hard Rock Stadium.
“With an estimated annual impact of more than $400 million and 35,000 room nights, the Formula 1 Miami Grand Prix will be an economic juggernaut for South Florida each and every year.
“We are deeply grateful to our fans, elected officials and the local tourism industry for their patience and support throughout this process. We look forward to bringing the greatest racing spectacle on the planet for the first time to one of the world’s most iconic and glamorous regions.”
As with the previous attempt at getting the event off the ground, there are several protests surrounding the arrival of Formula 1, but fewer local authorities are required to give consent for the race to be held than in the previous area, so it is more likely that this race will take place.