UPDATE: On Tuesday, Clark County Commissioners approved a resolution recognizing Formula 1 as an annual event, through 2032.
ORIGINAL STORY:
The Clark County Board of Commissioners will consider laying the groundwork to stage Formula One's Las Vegas Grand Prix each year for the next decade.
An agenda for the board's Feb. 7 meeting includes a resolution for discussion that would recognize the F1 event as "an annual event beneficial to Clark County."
The resolution would waive a 120-day time limitation for filing applications and grant a waiver for the Grand Prix to take over Las Vegas Boulevard each Wednesday through Sunday the week before Thanksgiving, covering each year through 2032.
The Las Vegas Grand Prix said in a statement that the current commitment for an annual race runs through 2025, but there is plenty of interest to extend that even further, particularly with F1's purchase of 39 acres of land for the race.
"Making Las Vegas a permanent Grand Prix stop on the F1 calendar is our goal, and a 10-year approval provides us with the certainty that race weekend would be available on the calendar for the long term," the Grand Prix said in a statement.
This year's Las Vegas Grand Prix, scheduled for Nov. 16-18, is the first F1 event in Las Vegas since the Caesars Palace Grand Prix in 1982.
The course will run south on the Las Vegas Strip between Sands and Harmon avenues, around the MSG Sphere and through Koval Lane before returning to the Strip.
Several Las Vegas Strip resort operators are selling high-priced luxury packages for the event, with one from Caesars reaching $5 million.
Additional ticket-purchasing opportunities for the general public are expected to be announced in the coming months.