Photo: Chris Graythen / Getty Images
Miami enjoyed three great days of events and extreme sports with the Grand Prix in this city in South Florida. The coffers of the state of Florida received about $800 million dollars and more than 6,000 jobs, in the automobile event held for the first time in this city .
Miami’s Hard Rock Stadium and surrounding area experienced three absolute days of partying, racing, events, celebrities and much more. The circuit was attended by some 300,000 people to enjoy the historic race, practices and more. Among which great personalities from the world of sports and entertainment stand out.
De the $800 million dollars that Florida received, it was learned that the direct benefit is more than a few $334 million dollars. And of the 6, 05 jobs created, at least 4, 300 were directly in South Florida.
Only for the construction of the track some 157 people worked. The amount of $ was invested ) million dollars, for all the equipment to build a runway that would remain armed for only three days.
This is not counting, with all the investment that was made around the event such as hotels, parties, transportation, drinks, food, concerts, tourism, among others.
On the other hand, the tax report for the state of Florida , for the county of Miami-Dade, Broward and Palm Beach, exceeded the amount of $26 million dollars.
Furthermore, several programs were developed around Formula 1 which in turn involved economically and culturally to the inhabitants of the city of Miami. Together, F1, the Dolphins and the city of Miami implemented programs for schools, restaurants and others.
For example, Miami schools were able to have meetings with F1 drivers, students received talks on Science, Engineering, Technology, Innovation, and even received courtesy tickets for last weekend’s event of week. University scholarships and internships were offered to students interested in motorsports.
Also, fourteen Miami Gardens restaurants were able to present themselves at the Grand Prix, free of charge for the space, and sell their dishes and specialties.
The agreement that has been made between F1 and the Miami Dolphins, team whose home is Hard Rock Stadium, is 10 years old. In this first year of activity with all the money that could be generated, it seems that future races will be very well received by the city.
For To compare, the last sporting event in South Florida that raised a lot of money was the Super Bowl in 2020, also at Hard Rock Stadium , and the amount was $334 million dollars. It is followed by the final and semifinal of college football and the NFL Pro Bowl.
Once again the city of Miami is exposed and promoted to the world through a great event. Statistics indicate that the audience for Formula One races is about 400 million people.
The figures were supplied by Client Engage Convention, Sports & Leisure International (CSL). A company hired by the organizers of the Miami F1, to measure the impact that this event would have, which was opening in the city of Miami.