Plans for a second Grand Prix in the United States are on hold for now after the Miami City Commission voted to “indefinitely defer” any decision to host a Formula 1 Grand Prix on a Bayfront Area street circuit.
There had been hopes of staging a Grand Prix as early as next year, but those plans were shelved after Formula One Management, Port Miami, South Florida Racing and the City Commision could not agree to suitable terms.
The decision to indefinitely defer the resolution does not mean the end of the road for a Miami Grand Prix, but rather it allows all parties more time to complete negotiations or make a final decision to exit altogether.
The news is a setback for Formula 1 owners Liberty Media, which was keen to expand the sport’s presence in the United States or at minimum secure a replacement location for the Circuit of the Americas should a contract extension not be successful.
There are persistent rumours of other destination cities being touted as potential hosts of a Grand Prix, with Las Vegas being high on Liberty Media’s shopping list.
Image via Miami.com