The growing success of Formula 1 in the United States could push the candidacy of a fourth Grand Prix to the site of Atlantic City.
The city council of this seaside resort on the East Coast, renowned for its casinos, has just given the green light to the transformation of the former Bader Field airport into a site that can notably accommodate a circuit.
Estimated at $2.7 billion, the real estate project would include a 3.9 km racing circuit reserved for Formula 1 and surrounded by hundreds of condominiums and commercial establishments.
Promoters DEEM Enterprises LLC have not yet signed an agreement, but their representative Michael Binder said the proposal has been approved by the city and Mayor Marty Small.
By adopting an approach of using resistant and durable materials, the project presents itself as a “zero carbon community proposal. »
Read also :
An output of approximately 10.8 megawatts of solar panels on the roofs of the condominiums and other available spaces throughout the urbanization is included in the construction which would span six to nine years and create between 1200 and 1500 permanent jobs.
There is nevertheless some margin before seeing this operational F1 track and a Grand Prix run in Atlantic City due to a time line that is at the very least extended and an economic model that is still unclear.
