–by Mark Cipolloni–
Construction of the 300,000-square-foot paddock building for the F1 Las Vegas GP is happening at a rapid pace. It recently reached 60% completion.
Seeing the structure come out of the ground in just five months since the groundbreaking ceremony was a sight to be seen by Liberty Media President and CEO Greg Maffei.
“It’s incredibly gratifying,” Maffei said. “It’s a testimony of what Las Vegas can do, and I like to think it’s somewhat of a testimony of what we can do. There’s a lot of money in that build and a lot of resources, but I think it’s going to be a great result.”
The paddock building, located on the corner of Harmon Avenue east and Koval Lane, will feature garages, offices and paddock suites.
“This will be by far the biggest race in terms of revenues, VIP experiences, everything about this will be the top,” Maffei said. “It will be the paragon for Formula One.”
Formula One President and CEO Stefano Domencali noted the investment in Las Vegas shows they are committed for the long term.
“It’s a sign of respect because when you invest in this magnitude, it means that we believe in this project for a long time in this community,” Domencali said. “We do believe F1 brings to Las Vegas something new, and we do believe that Las Vegas will bring Formula One something special.”
Trades workers have been working 20-hour shifts to get the building to the point that it is today, with 24-hours shifts expected to come as the construction enters the final stretch, according Renee Wilm, the Las Vegas Grand Prix CEO.
This short video gives you the latest update.
— F1 Las Vegas (@F1LasVegas) April 21, 2023