ARC Resorts aiming to put Valencia back on F1 calendar
- Published on 24 Apr 2015 09:57
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- By: Rob Veenstra
The jewel in the project's crown, said to be worth hundreds of millions of euros in total over the next few years, would be a bid to alternate F1 and Formula E races on a street layout. A source close to ARC confirmed that the idea is indeed to "bring formula one back" to Valencia, with the race this time to be privately organised.
ARC said it has "very good relations" with the sport's officials, and said revenues earned through the Marina project would "more than justify" hosting formula one. Valencia government officials announced they will "examine" the proposals to ensure they are "beneficial" to the city and region. (GMM)
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