Miami to lose F1 race to Indy (5th Update)
|The only way an F1 race makes sense for IMS is if Roger Penske is prepared to lose at least $5 million per year|
UPDATE Roger Penske directed his son, Greg, to hold preliminary talks with F1 CEO Chase Carey in recent weeks, but a race at Indy wouldn't happen before 2022.
"My son Greg has met with Chase Carey and had some preliminary discussions over the past couple of weeks," Penske told RACER.
"Is it time to relook at an F1 race?
"I don't know yet if the economics make sense but we wouldn't look at doing it before 2022."
|Liberal opposition in Miami to a race has F1 now eyeing a possible return to the Indianapolis Motor Speedway|
02/24/20 (GMM) Chase Carey appears to be putting the idea of a Miami GP on the back burner.
F1 owner Liberty Media, which is headed by CEO Carey, has been championing the idea of a second US grand prix at Miami's Hard Rock stadium.
But local opposition groups are fighting hard against the idea, with the latest news being the launching of legal action.
Carey admitted to the German-language motorsport-total.com that he is "frustrated" by the situation.
"We knew that it would take time in the US," he said. "On the other hand, it has to be said that it will take longer than expected.
"It's frustrating because we have invested a lot of time, but I think we have to get to terms with the reality that it is a timeframe of more than five years.
"The goal now is a race in the next five to ten years from today," Carey added.
Indy now comes into play
He might now turn his attention to the former US GP venue at the Indianapolis Motor Speedway. Recent reports suggested new owner Roger Penske may be interested in F1.
"I know the Penskes and had contact with them before they bought Indianapolis," said Carey. "But I don't want to comment on our conversations.
"We know about their interest. We are talking about an iconic circuit that is part of the 'triple crown with Monaco and Le Mans. That says everything about the importance of this circuit in motorsport."
|New neutered Miami GP layout to appease residents trying to fleece the Miami GP|
02/21/20 (GMM) The engines of Miami's grand prix hopes continue to sputter.
Formula 1's push to add a second US race to the calendar looked to have strengthened this week, when the Miami-Dade County Commission voted down a proposal.
The proposed legislation, put forward by Commissioner Barbara Jordan, would have made racing even inside the grounds of the Hard Rock Stadium illegal.
"We are glad to put this long delayed vote behind us so we can begin to make the multimillion dollar private investment required to bring a race here," said Tom Garfinkel, boss of the stadium and the Miami Dolphins.
But as soon as that legislation was voted down, fierce opponent Jordan hit back by announcing the filing of a lawsuit to block the race in that way instead.
"This fight is not over," she told the Miami Herald.
"Formula 1, I don't think they want this kind of publicity. But they better get ready."
The Miami broadcaster WPLG Local 10 said the plaintiffs in the lawsuit are homeowners associations and former Commissioner Betty Ferguson, who argue that F1 is "unreasonably loud".
Their lawyer Sam Dubbin said there are no acoustical experts "who would say that decibel levels between 70 and 90 are reasonable" for a residential area.
02/20/20 Miami Grand Prix organisers surmounted on Wednesday a final legal hurdle blocking F1 from racing around the Hard Rock Stadium in 2021, but local residents aren't giving up on their battle to keep the sport away from their city.
A proposed Miami Gardens ordinance seeking city input into zoning rights that would have jeopardised the planned F1 event resulted in a 6-6 split vote, a dead heat that paves the way for the race to take place around the Miami Dolphins' Hard Rock Stadium.
Miami Dade Mayor Carlos Gimenez called the failure of the proposed ordinance a win for the community.
However, a number of concessions to local residents were necessary to secure the commissioners' tied vote.
Among the compromises was the removal of part of the planned track from public roads, mainly NW 199th Street, and keeping the circuit layout limited to the Stadium's confines, including its vast parking lot area.
Previous concessions relating to noise pollution and the absence of track activity during school hours were also confirmed.
01/22/20 (GMM) Miami is working through the "issues" standing in the way of F1's second grand prix in America.
In December, F1 CEO Chase Carey said he is still determined to take the sport to Miami.
"We still have some issues to resolve in Miami," he told CNN. "They're, probably at this point, predominantly political ones."
Indeed, in the face of political opposition to the race, local organizers on Tuesday said the proposed circuit at Hard Rock Stadium would no longer include a public road, or be in action during school hours.
"We hope the County Commission will support our effort to deliver this huge global event to you!" the organizers said on Twitter.
Carey is also upbeat, saying that despite the opposition, there are also "encouraging" levels of support for the Miami GP.
"It's clearly an addition to Austin," he added. "So in our goal, we think the US is a big enough market and a broad enough market and growing the US, I think having two races will actually make both stronger."
01/21/20 Miami Grand Prix organizers have modified the layout of their event's prospective track and tweaked the race weekend's schedule in an effort to appease the concerns of local residents.
Liberty Media has been attempting to surmount successive roadblocks erected by representatives and residents of Miami Gardens who oppose the Miami GP project and the event's promoter, Miami Dolphins owner Stephen Ross.
However, a dialog between F1, the promoter, Miami-Dade Mayor Carlos Gimenez on one side and local officials, businesses and residents on the other, has been ongoing in the past few months, with the purpose of easing the difference between the opposing parties.
To help reach a breakthrough compromise, F1 has accepted to change the Miami GP track configuration by eliminating the use of Northwest 199th Street for a portion of the circuit.
Furthermore, in order to minimize disruption to local schools, the weekend race schedule has been altered to ensure that there is no racing prior to 3pm on Friday.
The original version of the stadium track used a half-mile section of 199th Street, which was built as part of the stadium project but is a public road. By avoiding it and sticking to stadium land Garfinkel hopes to address one of the major concerns of residents, namely access and traffic during race week.
"The Formula 1 Miami Grand Prix is another example of a world-class event coming to our region," said Tom Garfinkel, Miami Dolphins and Hard Rock Stadium Vice Chairman and CEO.
"Like the Super Bowl, an event like this provides a unique opportunity to proudly showcase our region to the world.
"We want these events to benefit everyone in the region, including local Miami Gardens residents, and we look forward to working with Superintendent Carvalho, Dr. Steve Gallon, and the District to bring innovative STEM programming to local students, such as ‘Formula 1 in Schools,’ a global engineering competition."
Despite the encouraging developments, Formula 1 isn't out of the woods yet.
On Wednesday, a Miami-Dade Board of County Commissioners meeting takes place where the Commission will vote on a measure, put forth by Commissioner Barbara Jordan, which attempts to revoke the Hard Rock Stadium’s current zoning rights in an effort to prevent Formula 1 racing.
The Stadium’s current zoning designation permits auto racing and was previously granted by both the City of Miami Gardens and Miami Dade County.