Formula 1 and Hard Rock Stadium have reached an agreement for the hosting of the new Miami Grand Prix.
In a joint statement Tom Garfinkel, Hard Rock Stadium vice chairman and CEO, and Sean Bratches, F1’s managing director of commercial operations, said: “We are thrilled to announce that Formula One and Hard Rock Stadium have reached an agreement in principle to host the first-ever Formula One Miami Grand Prix at Hard Rock Stadium.
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“With an estimated annual impact of more than $400m [£313.6m] and 35,000 room nights, the Formula One Miami Grand Prix will be an economic juggernaut for South Florida each and every year.
“We are deeply grateful to our fans, elected officials and the local tourism industry for their patience and support throughout this process.
“We look forward to bringing the greatest racing spectacle on the planet for the first time to one of the world’s most iconic and glamorous regions.”
The Miami Grand Prix will join the United States Grand Prix on the F1 schedule. The US GP is held at the Circuit of the Americas in Austin.
Pictures: Hard Rock Stadium F1 circuit plans
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