Formula One’s Las Vegas Grand Prix has reached an agreement with three small businesses. These businesses claimed that last year’s race and the road work hurt their income.
Grand Prix Organizers Finalize Agreements with Battista’s, Stage Door, and Jay’s Market
Race organizers confirmed they had resolved issues with Battista’s Hole in the Wall, Stage Door Casino, and Jay’s Market. Battista’s and Stage Door have the same owners. Jay’s Market is a convenience store at a nearby Shell station. They did not take legal action but shared similar complaints.
The arguments focused on the first 2023 event. This event caused many street shutdowns. It also created a large walkway over Flamingo Road. The construction took months in the busy Flamingo Road–Koval Lane area. The companies claimed these changes made it hard for customers to reach them and reduced their earnings. The owner of Jay’s Market had earlier said they lost $3.5 million.
Court Dismisses Battista’s and Stage Door Lawsuit, Blocking Future Claims. However, RDG LV LLC, which owns both properties, is still part of the case. It says that past and expected race disruptions have lowered the value of its land.
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Partial Agreement Reached Ahead of $20M Funding to Keep Grand Prix in Las Vegas
While the financial specifics of the settlements were not made public, this resolution mirrors similar deals between the Grand Prix and other impacted properties. The race struck an agreement with Ellis Island Casino earlier this year. The casino had also filed a lawsuit over lost revenue. Later, they announced a partnership to create a spectator zone on the property. In May, a separate deal with a 7-Eleven inside the race area included plans to show the race from the store.
The partial dismissal occurred shortly before the Las Vegas Convention and Visitors Authority approved extending the event through 2027. They approved a $20 million sponsorship to guarantee at least two more races after this November’s.
The first Las Vegas Grand Prix took place on a 3.8-mile street track. This track included parts of the Las Vegas Strip, Koval Lane, and Sands and Harmon avenues. The event gained worldwide attention. However, it also caused months of traffic changes. Businesses faced problems accessing their locations during this time.
One lawsuit is still challenging the race. Ferraro’s Ristorante on Paradise Road wants money for lost customers. They mention the 2023 event and future effects.
While recent agreements end some disputes, disagreements about the race’s economic impact continue. Race organizers say they want to build better relationships with the community, highlighting new partnerships and efforts to reach out to local businesses to reduce conflicts.