Las Vegas Receives An Apology From Liberty Media CEO Greg Maffei
F1
Liberty Media CEO Greg Maffei recently apologized to Las Vegas residents and appreciated their tolerance concerning F1 event preparations.
Las Vegas Grand Prix preparations caused a great disturbance to the city's residents. Numerous videos and photos have surfaced on social media as the residents showed how the city is being torn apart because of F1.
Liberty Media CEO Greg Maffei recently addressed the situation when he publicly apologized on Fox5, saying he "forbearance" and "willingness to tolerate.":
"I want to apologize to all the Las Vegas residents, and we appreciate that they have their forbearance and their willingness to tolerate us."
Not only residents have been affected by ongoing Las Vegas Strip Circuit works. Multiple tourist attractions have been temporarily closed ruining the holiday plans of many Las Vegas visitors.
The Liberty Media CEO tried to justify the situation, at least for the residents, saying Formula One will bring huge amounts of revenue to the area:
"We’re going to bring something like $1.7 billion of revenue to the area, so it’s not just for the benefit of fans who want to view the race."
On the other hand, multiple street city circuits in the calendar found themselves in similar circumstances before their first grand prix. Maffei hopes the situation will improve once the key facilities are in place.
"We hope this is a great economic benefit in Las Vegas. We hope this is the most difficult year with all the construction that went on, and things will be easier in the future."
The 2023 Las Vegas Grand Prix has been heavily promoted ever since the beginning of the year and expectations are high. Maffei says it will be the largest event in Las Vegas:
"There will be 105,000 people, so the sheer scale of it, even for Las Vegas, will be the largest event Las Vegas will have."
The race in Las Vegas has been receiving mixed reactions. The three-time World Champion Max Verstappen openly said he is not a fan of the event recently, and it hasn't even started. Are you a fan of the Las Vegas Grand Prix?
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