We recently reported, following a Bloomberg article, that Las Vegas is preparing for the upcoming Formula 1 race, and many locals involved in the service industry fondly remember last year’s Grand Prix. Partly because the city company made good money at the time from the audiences who flocked to Las Vegas from all over the world for Formula 1.
However, not all city entrepreneurs were happy with what was happening in the areas adjacent to the race track, as during construction and on the days of the race, some transport routes were inevitably blocked, and this had a negative effect on local business.
Four of the injured companies have filed a class action lawsuit against Formula 1, seeking hundreds of thousands of dollars in damages. Lawyer Lisa Maio-Derizo, who represents them, says the consequences of the race are “unbearable for local entrepreneurs.”
Another lawsuit, filed in Clark County Court by the owner of the Stage Door restaurant, alleges in part that “the Formula 1 race endangers the continued existence of the restaurant” and should be considered an “unlawful interference with the rights of business owners.”
The Las Vegas Sun quoted Lori Nelson-Kraft, vice president of corporate affairs for the Las Vegas Grand Prix, as saying that about 900 business owners have contacted the race this year with some form of complaint. Therefore, additional measures were taken before this year’s race to reduce the negative effect.
Among other things, the race organizers compiled a list of more than a hundred local companies with different profiles and sent it to Formula 1 teams and their business partners, recommending the use of their services. The owners of these companies will analyze the impact of the race on economic indicators, and then send their reports to the initiators, who promise to take them into account, draw conclusions and apply them in the preparation for the 2025 race.
Finally, we can quote one of the affected entrepreneurs, whose words are quoted by the Las Vegas Review-Journal: “I do not understand this logic: why destroy the activities of successful enterprises? And all this to hold a race once a year that lasts an hour and a half? I can’t understand it.”
Source: F1 News
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
