The F1 slackens within the Miami race, however stays “actively engaged”.
© Reuters. FILE PHOTO: Formula 1 F1 Australian Grand Prix
(Reuters) – Formula 1 is still hoping for a race in Miami, but the COVID-19 pandemic has slowed things down, Chairman Chase Carey said Thursday.
Commercial rights holder Liberty Media has targeted Miami to add a second US race to the existing one in Austin, Texas.
However, there was strong local opposition and residents were concerned about excessive noise and air pollution.
Formula 1 and local organizers last year abandoned plans to hold the race downtown and put forward a revamped layout that snakes around the Miami Dolphins NFL team’s Hard Rock Stadium.
“We’re still doing business in Miami,” Carey told financial analysts on the conference call on Liberty’s third quarter results.
“We actually had a conversation with the Dolphin group management a few weeks ago.
“I think we both decided that when the virus issues and uncertainty came to the fore, we’d better slow down a little and try to get to a place where we’d have a little more visibility to play. “
Hard Rock Stadium is owned by real estate mogul and Dolphins owner Stephen Ross, who will finance the construction of the track and pay the racing costs.
“I think we’re probably more excited than ever about the Miami opportunity, but we both felt that the prudent way forward was to make sure we were confident,” said Carey.
Formula 1 hasn’t released a calendar for 2021 yet, but sources say Miami won’t be there.
The sport, whose finances have been badly hit by the COVID-19 pandemic, instead announced a new race in Saudi Arabia on Thursday.
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