Vegas May Face Lack of Private Jet Spots during F1 Grand Prix
During NASCAR weekends in Las Vegas, there isn't typically an issue with a high number of private jets arriving. However, for the inaugural Formula 1 Las Vegas Grand Prix weekend, scheduled for November 16-18, the number of private jets is predicted to significantly increase, and there may not be enough space to accommodate them all.
This potential issue involves possibly hundreds more jets than usual.
Jeremy Aguiero, principal analyst at Applied Analysis, believes that the attractiveness of the race will bring in an unprecedented number of extremely wealthy fans and their private planes to the Strip. He stated, "You think I'm joking? I think they're going to be parking in Phoenix."
Formula 1 spectators are known to be among the wealthiest sports fans in the world. They include celebrities like Leonardo DiCaprio, Brad Pitt, and Matthew McConaughey, as well as corporate big names such as Elon Musk, Jeff Bezos, and Richard Branson. F1 has a "billionaire boys club" of team owners worth an estimated $146 billion, and all 10 of them are likely to travel to the race by air.
Those not flying commercially might also include many of the F1 drivers. While not all may have Verstappen-level wealth from Red Bull Racing, earning an estimated $60 million annually, they don't need to be extremely rich to fly privately.
Aviation Expansion
To meet the increased demand for parking, the Clark County Aviation Department recently built a 18-acre ramp expansion at Henderson Executive Airport. This expansion should be able to park around 80 private jets, depending on their size, increasing the airport's total capacity to over 200 aircraft parking spots.
Harry Reid International, as well, is reportedly adding another 14 acres of parking to accommodate the influx of wealthy race fans.
Jim Chrisley, senior director of aviation for Harry Reid, shared with KSNV, "We were planning for the Super Bowl, then Formula 1 was announced, so a lot of our preparations we were doing for the Super Bowl quickly turned into, let's do it four months early and do it for Formula 1."
For the Super Bowl, private plane planners were told to prepare for 1,000-1,200 private landings, though many of those planes might just be making brief stops before continuing on their journeys.
Though private planes typically cost around $100 per night for parking, Clark County is planning to increase the nightly rate during the Formula 1 Grand Prix and Super Bowl. But given that many of the attendees paid up to $1 million for this event, a slight price increase may not be a significant issue.
If the newly expanded parking spaces prove inadequate, it's unclear how it will impact the event. Las Vegas hasn't had an event like Formula 1 before.
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Source: www.casino.org
