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.
Jul 22, 2014, 7:13 PM EDT
The Outlaw returns to Indianapolis for the first time since his Indy 500-Coke 600 double back in May.
Jul 22, 2014, 5:54 PM EDT
The Team Penske pilot is putting up his six-bedroom Miami penthouse for a cool $14 million. Better start saving up…
Jul 22, 2014, 4:10 PM EDT
Seeking to catch up with their Ford stablemates at Team Penske, Roush Fenway Racing’s trio of Carl Edwards, Greg Biffle, and Ricky Stenhouse Jr. have been searching for speed in a two-day test session at Michigan International Speedway.
Jul 22, 2014, 3:00 PM EDT
The new, 92-foot pylon is made up of four LED panels capable of video animations that relay race info to fans.
Jul 22, 2014, 2:00 PM EDT
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Jul 22, 2014, 1:47 PM EDT
A report from Mexico says that Bernie Ecclestone has signed a five-year pact to bring F1 to Mexico City’s Autodromo Hermanos Rodriguez starting next season.
Jul 22, 2014, 1:00 PM EDT
A miserable home weekend in Toronto strikes James Hinchcliffe yet again.
Jul 22, 2014, 12:41 PM EDT
Williams’ deputy team principal on Massa: “He is mature enough – and has enough experience in the sport – to realize that sometimes, things don’t go your way.”
Jul 22, 2014, 11:55 AM EDT
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Jul 22, 2014, 11:30 AM EDT
Ex-F1 shoe Jerome d’Ambrosio gets signed up for new FE series.
Jul 22, 2014, 11:00 AM EDT
Kyle Larson’s got a new house, a new kid on the way and now a new Cottonelle ad he might not be able to live down.
Jul 22, 2014, 10:08 AM EDT
Mercedes’ Toto Wolff calls double points “unfair.”
Jul 22, 2014, 9:25 AM EDT
MST’s Tony DiZinno recaps the weekend in Toronto, that featured a host of surprises.
Jul 22, 2014, 8:26 AM EDT
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Jul 22, 2014, 1:38 AM EDT
With the third win of his rookie Nationwide Series career, Chase Elliott continued to make it look easy in this past Saturday night’s EnjoyIllinois.com 300 at Chicagoland Speedway.
Jul 21, 2014, 8:05 PM EDT
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Jul 21, 2014, 7:01 PM EDT
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Jul 21, 2014, 6:02 PM EDT
Jack Hawksworth will co-drive the No. 08 Prototype Challenge car for RSR Racing in Friday’s IMSA event on the Indianapolis Motor Speedway road course.
Jul 21, 2014, 5:10 PM EDT
Between his Eldora Speedway hosting the Truck Series and then competing at Indianapolis this weekend in Sprint Cup, Stewart’s in the middle of a busy week.
Jul 21, 2014, 3:45 PM EDT
All the notes and numbers to keep in mind for NASCAR’s visit to Indianapolis Motor Speedway.
- Report: Toto Wolff speaks out against F1′s double points finale 2
- IndyCar: Toronto weekend analysis, musings and observations 0
- NASCAR’s Brian France on RTA’s formation: “We didn’t think it was necessary” 12
- Eldora and Indy putting a lot on Tony Stewart’s plate 0
- Todd Gilliland, 14, outdistances father David, grandfather Butch in first time they’ve all raced together 0