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News Miami Mayor: F1 race like hosting Super Bowl “for the next 10 years”

17:40  12 may  2018
17:40  12 may  2018 Source:   msn.com

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Plans for a Formula 1 Miami Grand Prix in 2019 have taken a step forward after a motion to support the race was unanimously approved by the city’s commission. The next step is for a Host City Contract to be drawn up, ready for further analysis by the City Commission, before July 1st.

Miami Mayor Francis Suarez called next week's vote "the first step" to working out details, with a final vote more possible over the summer. "This is an annual Super Bowl of sorts They ( F 1 ) are very bullish on the prospects of Miami ," Suarez said. The Miami race would be the latest move by Liberty

Overview of the track and Miami© Michael L. Levitt / LAT Images Overview of the track and Miami

Miami’s Mayor Francis Suarez says hosting a Formula 1 race on his city’s streets would be like hosting the Super Bowl “every year for the next 10 years”.

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A resolution in support of the race , sponsored by Miami mayor Francis Suarez, was considered in a public hearing. Way beyond the levels of what we’ve seen before – like basically having the Super Bowl every year.” The resolution allows city manager Emilio Gonzalez to take the next step in

Plans for an F 1 race in Miami are set to take a step forward on Thursday with a vote of the city’s commission looking like a formality. A resolution in support of the race sponsored by Miami mayor Francis Suarez and three of the five city commissioners is to be considered in the course of a full day

The first step in the approval process, which was unanimously agreed in a Miami city commission meeting on Thursday, paves the way for in-depth negotiations with F1. The targeted outcome is a hosting a grand prix in the Biscayne Bay and Port area next year.

Miami will host the 2020 NFL Super Bowl, so the inaugural Miami GP, planned for next year's October, would occur four months before America’s biggest sporting event takes place at the Hard Rock Stadium in nearby Miami Gardens.

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“ I believe this can be an incredible financial gain for the city and South of Florida. Way beyond the levels of what we’ve seen before – like basically having the Super Bowl every year.” The resolution allows city manager Emilio Gonzalez to take the next step in negotiations with F 1 .

Miami officials have said they hope for a 10 -year deal on a race that could be staged in October, toward the end of the annual F 1 season. Although a contract must still be approved, Miami Mayor Francis Suarez called Thursday's vote a "big step" toward getting the race done.

“This is huge – this is authorization from the city commission supporting my agenda item to begin negotiations with Formula 1 formally,” Mayor Suarez told Motorsport.com. “It’s an indication that there is political support behind the having the most-viewed racing in the world coming to Miami.

“We would be the 22nd race [on the F1 calendar], the second race in the United States, probably the only city in the world that has F1 and all five major [U.S.] sports. So, for us, it’s a big deal.

“It's a reemphasis of us as a global city and it's going be something that's great as an economic driver, an economic impact for the city. And obviously it's going put us on the map in this premier racing venue.

“The next step is that the [city] manager will come back with, hopefully, a vetted and negotiated 10-year deal, to have it here for 10 consecutive years. We would have, essentially, a Super Bowl – in terms of economic impact and global visibility – every year for the next 10 years.”

The 2020 Super Bowl will be played at the home of the Miami Dolphins, which is owned by Stephen M. Ross, the real estate magnate who was linked with buying Formula 1 before Liberty Media finalized its takeover deal.

Mayor Suarez confirmed that Ross – whose net worth is about $7 billion – is a key player behind the Miami GP bid, which gives huge credence to making the event happen.

“We've seen preliminary drawings of the course, but obviously a big part of putting on a Formula 1 race is the infrastructure that’s needed to support it,” added Suarez.

“That's why we are so excited that Steve Ross, who is the owner of the Miami Dolphins, and who brought the Miami Open [tennis tournament] to Dolphins Stadium, has become a part of it.

“That means it has a very, very strong financial backing.”

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