Resolution aimed at bringing Formula One and Formula E to Miami-Dade County
MIAMI, FL - In an effort to bring international recognition and revenue generating events to Miami-Dade County, Commissioner Juan C. Zapata has sponsored a resolution directing Mayor Carlos Gimenez to prepare a report on the advisability and feasibility of bringing Formula One and Formula E racing to downtown Miami. The resolution will be heard on Tuesday, February 4, 2014, Board of County Commission meeting.
Formula One racing is extremely popular throughout the world and hosting a Grand Prix event can bring economic benefits to the host area, including, but not limited to, job creation and increased tourism. It has been estimated that a Grand Prix event can attract over 300,000 visitors, with the average out-of-state visitor spending $1,500 per day. In addition to the full-time jobs created by hosting a Grand Prix, the event can result in the creation of more than 3,000 temporary jobs. The Grand Prix race is estimated to broadcast to around 30 million viewers and on average, it can result in an estimated $200 million in free commercial advertising for Miami-Dade County.
The Fédération Internationale de l'Automobile has created Formula E, a new racing championship featuring electric Formula cars, which is scheduled to commence in September of 2014. The first season of Formula E races will be held in ten leading cities across the world, including Los Angeles, London, and Beijing. Formula E is expected to help focus international attention on green technology, and to attract the attention of a new generation of racing fans.
For more information, please contact Commissioner Zapata’s office at (305) 375-5511.