Originally Posted by kewlJ View Post
Living and playing Vegas, I am all for Las Vegas doing well. Even some events that might inconvenience locals.

But I don't think we are getting an honest representation of what F1 brings or is worth to Las Vegas. There will be reports in the media that F1 was worth xxxxx dollars. But is it really? I mean the money from the race and those high priced tickets (usually comped out) go to F1, not Las Vegas.

I don't want just a number of visitors in town and hotel room/restaurant and gambling revenue for the weekend. I want to see what above a normal November weekend just before thanksgiving is. I suspect it probably is above because they can charge more for rooms with such an event. But it is NOT the numbers we will see comparing to zero. You have to compare to what a normal weekend would be.

And then secondly you have to subtract additional costs. And unlike things like a big fight or big show, there are way more costs. F1 results in a lot of costs and construction. Last year there were many small businesses, restaurants, stores, not on the strip, but places like Koval (back end of the track) that had the entrances to their businesses blocked for several days. So for those small local businesses it is a loss that isn't included in the totals that will be published. It is worse than just a loss. It is a transfer of revenue from those small local businesses, to F1.

If you really added everything honestly and subtract all the additional costs that other events don't have, I don't think F1 really is what it is cracked up to be for Las Vegas.
You saw and know nothing. What a phony. Everything you said was on the local news yesterday.