As expected, November’s Formula One Las Vegas Grand Prix boosted the average daily room rate visitors paid, especially on the Las Vegas Strip.
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The Formula One race was expected to generate $1.2 billion in economic impact. But some small businesses near the Strip say they didn’t see much of a benefit.
TSA officials expect over 98,000 people at Harry Reid International Airport on Sunday and 94,000 on Monday following the Formula One Las Vegas Grand Prix.
“It makes a bunch of sense,” LVCVA president and CEO Steve Hill said. “If you go out there now, traffic is better than it was before we built all this and that bridge is a big part of that.”
After over 500 days of preparation, Formula One fans from around the world are ready to gather for the Las Vegas Grand Prix, the biggest event in the city’s history.
When thousands of race fans converge on Las Vegas later this month, it presents a huge economic opportunity. But some local residents still hate the idea.
Somebody ripped some holes in screens attached to the overpass glass designed to block views of the Formula One race course.
The Formula One Las Vegas Grand Prix paddock building is set to be completed a month before the race kicks off.
The inaugural Formula One Las Vegas Grand Prix is projected to have an overall economic impact to the tune of almost $1.3 billion.