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Vegas 'will be a success' despite rising costs, says Liberty
Liberty CEO Greg Maffei has admitted that costs related to this year's inaugural Las Vegas Grand Prix have climbed significantly, but insists that the new event will still be a financial success as well as on the track. The race will be the first to be directly organised and promoted by Liberty Media and Formula 1 working with Vegas city authorities, rather than through a partnership with a local association. Liberty purchased a site off the famous Strip to build a permanent pit and paddock infrastructure, the building of which together with resurfacing the roads that will be used for racing is costing close to $400m. “I am pleased to say preparations are running on schedule,” Maffei...
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