Mar 23, 2014, 8:00 AM EDT
Long Beach Grand Prix promoter Chris Pook has estimated that it will cost $9.2m to upgrade the circuit if it is to host Formula 1 in the next few years, as he continues his crusade to bring the sport back to California.
Following the success of the revived United States Grand Prix at the newly-built Circuit of the Americas, plans have been made for a second race to be held at Port Imperial in New Jersey. However, with the project now twice postponed, other options in North America are being considered, and Pook is keen on bringing Formula 1 back to Long Beach.
“We just want the opportunity to state our case, to be considered,” he explained to the Orange County Register. “We just want them to take a look at what we bring to the table. That’s all we’re asking.”
Formula 1 last graced Long Beach back in 1983, and the race has since made up part of the IndyCar schedule. In order to host F1 again, though, some upgrades will be required such as extending the circuit in places. However, Pook says that original estimates are way off the mark, with the price being closer to $9m to complete the work.
“People have been saying it would cost $100 million,” he said. “That number has just stuck in people’s minds. It’s not even close to that.
“The net tax gain for Austin in 2013 was $4.9 million, and the net gain for Texas was $17.2 million. The value of F1 is that it provides new money. F1 racing draws a worldwide audience. You would be tapping into new consumers.
“F1 wants to be in Southern California by 2016,” Pook added. “I’m conflicted, because I want to see it here. It’s where we started and it’s a big piece of history.”
Quite whether Formula 1’s possible return to Long Beach comes to fruition remains to be seen, but Bernie Ecclestone confirmed that he had approached the city when the tender for the race was opened up.
If an agreement is reached, then it could be a more viable option than the Grand Prix of America in New Jersey, but should the latter also kick into gear and finally go ahead, we may have three races in the United States on the F1 calendar by 2016.
Aug 23, 2014, 9:05 AM EDT
German driver takes pole at a damp Circuit de Spa-Francorchamps on Saturday afternoon.
Aug 23, 2014, 8:30 AM EDT
The Ferrari driver took the plunge after being nominated by Felipe Massa and soccer player Juan Manuel Mata.
Aug 23, 2014, 7:45 AM EDT
You can watch qualifying from Spa-Francorchamps live on CNBC and Live Extra from 8am ET.
Aug 23, 2014, 7:30 AM EDT
The Daytona round of the Red Bull Global Rallycross is a key one and kicks off the second half of the 2014 season. Here’s more from Kristen Kenney heading into the weekend.
Aug 23, 2014, 7:15 AM EDT
Sainz was expected to get the Toro Rosso drive, but was rejected in favor of 16-year-old Max Verstappen.
Aug 23, 2014, 6:30 AM EDT
Red Bull’s chief technical officer isn’t getting his hopes up for this weekend’s race at Spa.
Aug 23, 2014, 6:03 AM EDT
Williams finishes practice for the Belgian GP with a flourish.
Aug 23, 2014, 4:45 AM EDT
One final chance for the drivers and teams to get to grips with Spa ahead of qualifying later today.
Aug 23, 2014, 1:09 AM EDT
Dramatic day for Pro Mazda, USF2000 Friday in Sonoma.
Aug 22, 2014, 11:35 PM EDT
Ryan Blaney passed Kyle Busch with six laps left in Friday night’s Food City 300 Nationwide Series race at Bristol Motor Speedway, and then held on the rest of the way to earn his second career NNS victory.
Aug 22, 2014, 8:30 PM EDT
Update (8:30 p.m. ET): The engines have been fired and tonight’s Food City 300 is ready to roll.
Aug 22, 2014, 7:15 PM EDT
The Bowtie has won the IndyCar manufacturer’s title in all three seasons since returning to North American open-wheel racing in 2012.
Aug 22, 2014, 6:54 PM EDT
Jeff Gordon looked like he had the pole for Saturday’s Irwin Tools Night Race at Bristol Motor Speedway. But Kevin Harvick had other ideas.
Aug 22, 2014, 6:34 PM EDT
At 7-feet tall, ESPN NASCAR analyst, team co-owner and former NBA star Brad Daugherty is a formidable presence. He’s also known to play a practical joke every now and then.
Aug 22, 2014, 5:39 PM EDT
Unpredictable weather conditions have impacted the Food City 500 in its March spot, which the event has had since the 2005 season.
Aug 22, 2014, 5:21 PM EDT
The 2015 NASCAR Sprint Cup Series schedule will be officially presented on Tuesday, August 26 at 5 p.m. ET on a special 60-minute edition of NASCAR AMERICA.
Aug 22, 2014, 5:05 PM EDT
“Rowdy” earns the pole for tonight’s Food City 300 with a lap of 125.142 miles per hour in the No. 54 Joe Gibbs Racing Toyota.
Aug 22, 2014, 3:52 PM EDT
Former NASCAR Nationwide Series team owner Ed Whitaker passed away Friday at his home in Bristol, Va., business associate Peter Laura told the Bristol Herald Courier.
Aug 22, 2014, 3:04 PM EDT
In statement, Alexander Rossi takes the high road after missing out on Grand Prix debut with Marussia in Spa.
Aug 22, 2014, 2:41 PM EDT
Late in the 50-minute session, the Roush Fenway Racing driver zipped around the half-mile oval at 131.048 mph in the No. 17 Ford Fusion.
Video from NASCAR America
- Rosberg tames wet conditions to claim Belgian GP pole 0
- Bottas breaks Mercedes’ stranglehold at Spa by topping FP3 0
- Ryan Blaney passes Kyle Busch on final restart, hangs on to win Nationwide race at Bristol 1
- Kevin Harvick edges Jeff Gordon for Bristol Sprint Cup pole 1
- Will A.J. Allmendinger seek payback for Brad Daugherty’s practical joke? 1
- 2015 NASCAR Schedule to be Revealed Tuesday, 5 p.m. ET, on special NASCAR AMERICA 0
- Rossi disappointed, but diplomatic, after Marussia no-go 1