Posted on: July 8, 2023, 02:01h.
Last updated on: July 8, 2023, 02:01h.
It’s not a problem that plagues Las Vegas during NASCAR weekends. In fact, it’s not a problem Las Vegas has faced before. But so many more private jets than average are expected to fly in for the inaugural Formula 1 Las Vegas Grand Prix weekend, scheduled for Nov. 16-18, there may be nowhere place to park them all.
We’re talking potentially hundreds more.
Jeremy Aguiero, principal analyst with Applied Analysis, told KSNV-TV/Las Vegas that the appeal of the race — scheduled for Nov. 16-18, 2023 — will draw more extremely wealthy fans, and their private planes, to the Strip than it has ever seen before.
“You think I’m joking?” Aguero asked. “I think they’re going to be parking in like Phoenix, right. I think that’s what’s actually going to happen.”
Formula 1 fans are among the wealthiest sports fans in the world. They include Hollywood elites such as Leonardo DiCaprio, Brad Pitt, and Matthew McConaughey, and corporate household names Elon Musk, Jeff Bezos, and Richard Branson.
F1 itself has a “billionaire boys club” of team owners worth an estimated $146 billion. And all 10 of them are likely to take their own air transportation to the race.
And those not flying commercial are also likely include most of the F1 drivers. Not all are as wealthy as Max Verstappen with Red Bull Racing, who is reported to pull $60 million a year, but they don’t need to be.
In order to meet the demand, the Clark County Aviation Department is reportedly building an 18-acre ramp expansion at Henderson Executive Airport, along with another 14 acres of parking at Harry Reid International to accommodate the invasion of wealthy race fans.
“We were planning for the Super Bowl then Formula 1 was announced, so a lot of our preparations we were doing for Super Bowl quickly turned into, let’s do it four months early and do it for Formula 1,” Jim Chrisley, senior director of aviation for Harry Reid, told KSNV.
Though private planes can typically park for about $100 a night, Clark County plans to raise those rates for both the Grand Prix and Super Bowl.
For people taking private jets into an event they paid up to $1 million to attend, that shouldn’t be much of a problem.
Whether the extra jet spaces will suffice is anyone’s guess, since Las Vegas has never seen an event like F1 before.