The legal foundation of the Las Vegas Grand Prix is under scrutiny.
Clark County’s Commissioner Tick Segerblom, representing the area encompassing the renowned city, has raised concerns that the county never formalized an agreement with Formula 1.
In a conversation with the Las Vegas Review-Journal, Segerblom clarified the situation, stating, “It turns out that we never signed a contract, that was all with the LVCVA,” referring to the arrangement between Formula 1 and the Las Vegas Convention and Visitors Authority for the race along the iconic ‘Strip’.
He added, “Everybody keeps saying that we’ve got three years – we never committed to three years, to my knowledge.”
This issue is slated for discussion at the upcoming meeting of the Clark County Board of Commissioners on Tuesday.
KSNV News 3, a local news outlet, has confirmed that the meeting’s agenda includes an item concerning “Clark County’s involvement with future Formula 1 races.”
This revelation follows the inaugural modern Las Vegas GP last November, which sparked debate among certain community segments and the local small business sector.
Segerblom expressed to the media, “We are very serious about looking back, going back and re-evaluate what happened, and try to figure out ways we can tweak the system or even dramatically change the system. Because, in a lot of ways, it was a great event for us. But in a lot of ways, we paid the price for it and learned the hard way.”
