After Liberty Media expressed interest in hosting a Formula One race in Miami. There has been a lot of activity surrounding this and many are eager to see it through. Now, according to latest developments, the Miami city council will convene to discuss the matter at hand.
Initially, the target was to have a race in 2019, but it became evident that that was not plausible. So, in the past six months, the F1 authorities have been hard at work alongside the Miami council.
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The deal reportedly involves Formula One, promoter South Florida Racing, the City of Miami and the Bayfront Park Management Trust. Bayfront actually owns land which will be used by the circuit, so getting their approval is critical.
Imago
The proposed layout
The resolution states, as quoted by Motorsport.com, “The City Commission wishes to authorize the City Manager to execute the Host City Agreement and the Park Use Agreements for the Formula 1 Miami Grand Prix, between the City of Miami (“City”), the Bayfront Park Management Trust (“Park”), South Florida Racing, LLC. (“SFR”) and Formula One World Championship Limited (“Formula One”), in a form acceptable to the City Attorney (collectively, “Agreements”).”
“The City Commission wishes to allow SFR and Formula One to run the Formula 1 Miami Grand Prix from 2019 through 2029 with a fan festival to be held in October of 2018 pursuant to the Agreements.”
One of the primary concerns is the negotiation process between the involved parties. To be precise, it would waive the degree of transparency required by the Miami city code.
Hopefully, the Miami city council and the Formula One officials work things out in time for Miami to be included on the 2020 calendar. When it does join the F1 family, that will be two Formula One races in the USA and three races in North America (including the Canadian GP). However, one concern will be the race that may bee to be sacrificed to accommodate it. Already, Silverstone and Germany have a cloud of doubt hanging over them. If these two venues do somehow stay on, will the Formula One fraternity be able to cope with a longer calendar?
