Stephen Ross may help steer Formula One racing to Miami

A company affiliated with the Miami Dolphins owner and real estate executive would handle promotions for Formula One races in Miami

TRD MIAMI /
May.May 12, 2018 02:40 PM

Formula One race in Austin, Texas (Credit: GrandPrixEvents.com)

Miami Dolphins owner and real estate executive Stephen Ross is playing a role in a pending expansion of the Formula One racing league to Miami.

Stephen Ross

The Miami City Commission unanimously approved a resolution to host a Formula One race in downtown Miami as soon as October.

The commissioners resolved to “bring the Formula One Racing Circuit to the City of Miami for the Formula One Miami Grand Prix from 2019 to 2028.”

Liberty Media Corp., the new owner of the Formula One Racing Circuit, has made expansion in the United States a top priority of the European racing league.

One of Liberty’s terms for putting a Formula One race in downtown Miami is that promotion of the Miami Grand Prix be handled by a company affiliated with Ross, chairman and founder of New York-based real estate developer Related Companies.

Ross supports the Ross Initiative in Sports for Equality (RISE), a 501(c)(3) non-profit corporation that tries to improve race relations through sports.

The proposed 2.75-mile route of the Miami Grand Prix would go through downtown Miami, around the American Airlines Arena and across the Port Boulevard bridge over Biscayne Bay.

Now, the only Formula One race in the United States is held in Austin, Texas. The Austin race attracted more than 200,000 visitors from 2012 to 2015, according to data gathered by Formula One Racing Circuit. [Bloomberg]  – Mike Seemuth


Related Articles

arrow_forward_ios
Rendering of Legacy Hotel and Residences with Dan Kodsi and Peggy Olin

Developer Dan Kodsi plans hotel-condo tower at Miami Worldcenter

Moishe Mana and a map of the project

Mana Group reveals timeline for downtown Miami plans

Old Post Office building, Biscayne Bay Brewing's Jose Mallea and Stambul USA's Daniel Peña (Credit: Google Maps)

Developers of historic downtown Miami Post Office building get OK to open multiple bars

150 West Flagler Street, Robert Morse, executive chairman of Bridge Investment (Credit: Google Maps and Getty Images)

Bridge Investment picks up downtown Miami’s Museum Tower for $65M

Daily Digest Miami

Aston Martin condo tower adds superyacht marina amenity, Sapir wants to sell Edgewater site: Daily digest

Ross Dress for Less

Ross Dress for Less signs lease at historic former Burdines building in downtown Miami

From left: Stambul’s Daniel Peña, Hotusa Group's Amancio López Seijas and Langford Hotel at 121 SE 1st Street (Credit: Google Maps and Hotusa)

Hotusa Hotels buys the redeveloped Langford for $37M

235 Southeast 1st Street, Mika Mattingly and Cecilia Estevez

Downtown Miami office building hits market, brokers expect sale price to top $30M

arrow_forward_ios