A formerly quiet, sprawling tract of land near the Strip is becoming a Formula One racetrack and the owner of a rental property next door is looking to sell for a hefty sum.
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Las Vegas Boulevard lane impacts tied to this weekend’s Formula One Las Vegas Grand Prix Fan Fest are underway.
Formula One officials are looking at constructing a four-story, 300,000 square foot paddock building just off the Las Vegas Strip.
The half-day long event is free to the public and will feature various activities including a live Formula One car run on Las Vegas Boulevard featuring a pair of racing teams.
After unveiling plans for a dramatic race on the Strip, the company behind Formula One says it’s also buying property near Las Vegas’ casino corridor for a hefty price.
Before the Las Vegas race, organizers have to deal with a legal dispute between a Miami tech entrepreneur with ties to the Strip, and Formula One and Liberty Media.
The Las Vegas Grand Prix’s circuit will mainly have drivers racing on Las Vegas Boulevard at night between Spring Mountain Road and Harmon Avenue, with a portion of the course including Koval Road to the east of the Strip.