Las Vegas Businesses Working On Lawsuit Against F1, LVCVA, Clark County To Recoup Revenue Losses Caused By Formula 1’s Las Vegas Grand Prix Race In November
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Shop at Jay’s Market at 190 East Flamingo Road at the Koval Lane intersection west of the Strip.
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By Alan Snel, LVSportsBiz.com Publisher-Writer
They say they discussed the idea of receiving compensation with Formula 1, Clark County and LVCVA tourism officials.
But Las Vegas business owners who argue they lost millions of dollars in revenue because of F1’s Las Vegas Grand Prix Nov. 18 are now having meetings to discuss filing a lawsuit against the race promoter, the county and the Las Vegas Convention and Visitors Authority (LVCVA) in an attempt to recoup the revenues lost because of the F1 race.
Business owners like Randy Markin of Battista’s Hole in the Wall Restaurant and Stage Door Casino and Wade Bohn of Jay’s Market are among about a half-dozen merchents working on a lawsuit because the businesses say the 3.8-mile grand prix course and event restricted access for customers to reach their businesses. (Disclosure: Jay’s Market is an LVSportsBiz.com advertiser.)
Clark County commissioners also failed to gain compensation for the county in exchange for giving Formula 1 complete control over a big section of the Strip, Koval Lane and other side streets. The LVCVA sold the sports event as a lucrative tourism winner, but the financial benefits were reaped mostly by the high-end hotels that cater to the affluent F1 fans.
