Did they or didn’t they? That seems to be the question as at least one county commissioner in Nevada has pointed out a possible issue with a contract for the Formula 1 Las Vegas Grand Prix.
Clark County (Nev.) Commissioner Tick Segerblom alleges that the county never actually signed a contract with Formula 1 for the Las Vegas Grand Prix which now races in that county.
“It turns out that we never signed a contract, that was all with the LVCVA,” he told the Las Vegas Review-Journal, referring to F1’s deal for a race with the Las Vegas Convention and Visitors Authority. “Everybody keeps saying that we’ve got three years—we never committed to three years, to my knowledge.”
The matter will be discussed at Tuesday’s meeting of the Board of Clark County Commissioners.
The Las Vegas Grand Prix is contract to race on the famous strip through 2025.
According to the report, the LVCVA pays $6.5 million annually for the race, which is contracted to race on the Strip through 2025. Both sides have discussed extending the deal for as many as seven more years beyond the current three-year deal.
Indeed, local broadcaster KSNV News 3 confirmed that an agenda item for Tuesday’s meeting is “to discuss Clark Country’s involvement with future Formula 1 races.”
The development comes after last November’s first modern Las Vegas GP, which was controversial among certain sections of the public and small business community.
“We are very serious about looking back, going back and re-evaluate what happened, and try to figure out ways we can tweak the system or even dramatically change the system,” Segerblom said. “Because, in a lot of ways, it was a great event for us. But in a lot of ways, we paid the price for it and learned the hard way.
“Can we cut back on the number of months that the town is torn up? A lot of stuff happened, and I haven’t met anybody that likes Formula 1. So it’s time to kind of find out.”