• Loading stock data...
Saturday, November 23, 2024

Miami GP Invests in ‘Disneyland for Racing’

  • The Miami Grand Prix is working to build off of last year’s much-hyped event.
  • Organizers have made hundreds of millions in infrastructure investments around the track.
A scene from the Formula 1 Miami Grand Prix
Formula 1

The Formula 1 Miami Grand Prix uses Hard Rock Stadium to support its race, but executives considered running the track across the Miami Dolphins’ home field.

“We definitely looked at it,” said Jeremy Walls, senior vice president and chief revenue officer of the Dolphins, Hard Rock Stadium, and the Miami Grand Prix. “But what’s complicated is we have the Miami Open tennis tournament that finished up a month ago.”

With the F1 race scheduled to take place around the stadium through 2031, the Dolphins invested in some long-term infrastructure.

“We built a $100 million-plus paddock club,” Walls said on the Front Office Sports Today podcast. “We purchased 12 bridges. Nine of them are permanent on our campus.” The group also made substantial investments in the track itself in response to feedback from drivers, teams, F1, and its governing body, the FIA.

Former Marlins President: Miami Maybe ‘Simply Not a Baseball Market’

Former Marlins president David Samson on Jeter and baseball economics.
April 19, 2023

The Grand Prix, which takes place Sunday, will test whether the race can show enduring popularity as the novelty from the first year wears off.

Walls said his team was focused on making the race weekend an experience with much more than just a race. There will be more than 100 restaurants, 40 bars, and numerous shops and hospitality areas throughout the campus.

“We wanted to just create, for lack of a better example, a Disneyland for racing and for adults,” he said. “You can go to a different destination every day.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Rays $1.3B Ballpark Plans Stalled by Bond Delays, Hurricane Fallout

St. Petersburg officials vote to delay bonds for a new ballpark.
Nov 16, 2023; Las Vegas, Nevada, USA; McLaren F1 Team driver Oscar Piastri of Australia (81) during free practice at Las Vegas Strip Circuit.

F1 Welcomes Second Chapter of Polarizing Las Vegas Grand Prix

Both championship battles have yet to be clinched entering the Las Vegas race, which was not the case last year.

Old Rivals, New Stakes: Notre Dame and Army to Clash in Yankee..

The two schools are playing for the first time since 2016.
Nov 18, 2023; Las Vegas, Nevada, USA; Williams Racing driver Logan Sargeant of the United States (2) during the Las Vegas Grand Prix at Las Vegas Strip Circuit.

F1 Grand Prix Upended Vegas Last Year. Stakes Are High for Its..

Stakes are high as F1 gears up for a successful second act.
podcast thumbnail mobile
Front Office Sports Today

What’s Next for Hapless Jets?

0:00

Featured Today

Nov 16, 2024; Washington, District of Columbia, USA; Washington Spirit forward Trinity Rodman (2) celebrates after defeating NJ/NY Gotham FC in a 2024 NWSL Playoffs semifinal match at Audi Field. Mandatory Credit:

The Washington Spirit’s Business Makeover Carried Them to the Finals

The team’s return to the NWSL championship looks a lot different from 2021.
Classic Football Shirts New York Pop-Up
November 18, 2024

Vintage Soccer Jerseys Have Found a Sweet Spot in the Lucrative U.S...

The money-making shirts are at the prime intersection of memorabilia and fashion.
Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion
November 16, 2024

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?
November 15, 2024

Executive Decision: When Richard Nixon Named a College Football Champion

In 1969, the 37th president unilaterally named the winner of the season.
Tampa Bay Rays

Rays Tampa Future in Doubt as County Commission Delays Bond Vote

The planned $1.3 billion ballpark now falls into further question.
November 19, 2024

RFK Stadium Bill Advances Out of Senate Committee

Maryland, Virginia, and D.C. are potential future homes for the Commanders.
November 19, 2024

Royals Ballpark Plans Expand to Kansas Amid Unsettled TV Future

Deals could be struck in the coming weeks on both the club’s local media rights and a future stadium.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Roof of AT&T Stadium
November 19, 2024

Even the Cowboys’ Stadium Is Falling Apart

“The wind got in there and exacerbated the looseness,” Jerry Jones said.
Damage from Hurricane Milton to Tropicana Field
November 18, 2024

Rays’ $1.3B Ballpark Hangs in the Balance During County Bond Vote

Another county delay in issuing bonds for stadium construction could reopen relocation questions.
November 14, 2024

Rays to Call Yankee Territory ‘Home’ for 2025 Due to Tropicana Repairs

Extensive damage from Hurricane Milton to Tropicana Field forces the unusual solution.
November 12, 2024

Bears Revisiting Another Lakefront Location for New Stadium

The site is about 2.5 miles south of Soldier Field.