Important Rumor Update: Chicago Grand Prix

F1
by Adam OndrikWednesday, 31 January 2024 at 17:00
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A city councilor, Alderman Brian Hopkins, recently gave an important update on the rumored Formula 1 Grand Prix race in Chicago.
It was revealed a few days ago that Formula Formula 1 lately trademarked a few versions of a potential name for the new Grand Prix race that could take place in Chicago.
Trademarking the name suggests F1 management is quite serious about the potential race in the city. If there was a Chicago Grand Prix in the near future, it would be the fourth race of the F1 calendar in the United States.
Over the last couple of years, Formula 1 trademarked names for a couple of races in the United States. Examples include Miami, Las Vegas, and New York.
While the Miami Grand Prix and Las Vegas Grand Prix became a reality over the course of the last two seasons, we haven't heard the news about a potential race in New York ever since.
The city councilor Alderman Brian Hopkins hinted Chicago was in fact in talks with Formula 1 about the potential race as he told Chicago Sun-Times:

"I’m told that F1 typically requires a 10-year minimum deal. And that appears to be non-negotiable. The conversation [with the city] did not get much past that."

So, the one problem might be the length of the contract. Another problem is that the city recently signed a 3-year deal with NASCAR.
It seems the city would not be able to host both NASCAR and F1 a the same time. And when it comes to the battle between the two, NASCAR is more popular in the United States and much less logistically challenging.

"It would have to be one or the other. What we did with NASCAR, welding manhole covers and smoothing over potholes and calling it a track — that doesn’t work with F1. More complicated, thus higher price tag."