Las Vegas Grand Prix Resolves Business Disputes Following 2023 Race

Agreements Reached with Local Businesses Affected by Race

The Formula One Las Vegas Grand Prix has reached settlements with three small businesses that experienced financial difficulties attributed to last year �race activities and months of related road construction. The affected businesses included Battista �Hole in the Wall, Stage Door Casino, both under the same ownership, and Jay9s Market, a convenience store nearby, which had not pursued legal action but raised similar concerns.

Impact of Race and Construction on Local Commerce

The disputes centered on the inaugural 2023 Grand Prix event, which caused extensive street closures, the installation of a significant pedestrian walkway over Flamingo Road, and lengthy construction in the busy Flamingo Road and Koval Lane area. These disruptions reportedly hindered customer access, causing reduced revenue for the businesses. Jay9s Market estimated losses totaling approximately $3.5 million as a result.

Legal Developments and Ongoing Claims

Recent court rulings dismissed a lawsuit brought by Battista �and Stage Door, barring them from pursuing further claims related to the race. However, RDG LV LLC, the entity owning these properties, remains involved in litigation, asserting that race-related disturbances have diminished the value of its real estate holdings.

Settlements with Other Affected Properties and Race Support Extension

While specific financial details were not disclosed, these resolutions echo similar agreements reached with other impacted establishments, such as Ellis Island Casino and a 7-Eleven located within the race vicinity. Ellis Island filed a lawsuit for lost income but later formed a partnership to offer a spectator zone on its grounds, and the 7-Eleven also planned race viewing for customers.

These developments preceded the Las Vegas Convention and Visitors Authority9s decision to continue sponsoring the Grand Prix through 2027, authorizing $20 million in funding to secure at least two additional races following the upcoming November event.

Race Effects and Community Relations

The Las Vegas Grand Prix features a 3.8-mile street circuit incorporating parts of the Las Vegas Strip, Koval Lane, and Sands and Harmon avenues. While it garnered global attention, the event caused notable traffic issues and business access challenges during construction and race periods.

One ongoing lawsuit remains from Ferraro9s Ristorante on Paradise Road, which claims financial losses due to both the 2023 race and projected future impacts.

Despite resolving some claims, disagreements persist regarding the race9s economic consequences. Organizers are emphasizing improved community relations, highlighting new collaborations and outreach initiatives aimed at minimizing conflicts and supporting local businesses in future events.