Formula 1 bosses have agreed in principle for the Miami Grand Prix to take place around the Hard Rock Stadium in Florida from 2021.
The race promoters originally planned to run the Miami Grand Prix around the harbourside area, but these plans were dropped after local opposition and complications with securing the required permits.
It had looked like the race could fail to come to fruition but it was announced this week that an agreement has been made to run the race around the Hard Rock Stadium, using car parks and land owned by the stadium as the basis for the circuit.
A joint statement released by the promotors and Formula 1 said: “We are thrilled to announce that Formula One and Hard Rock Stadium have reached an agreement in principle to host the first-ever Formula One Miami Grand Prix at Hard Rock Stadium.
“With an estimated annual impact of more than $400 million and 35,000 room nights, the Formula One Miami Grand Prix will be an economic juggernaut for South Florida each and every year.
“We are deeply grateful to our fans, elected officials and the local tourism industry for their patience and support throughout this process.
“We look forward to bringing the greatest racing spectacle on the planet for the first time to one of the world’s most iconic and glamorous regions.”
If the race does go ahead then it will be the first time a Grand Prix has taken place in Florida, but whilst it will require less support than the original location for the circuit, it will still need the backing of the Miami-Dade County Commission.
This could still pose a problem for the plans to run the race, with the County Commissioner Barbara Jordan previously saying that she is against the plans for the Grand Prix and that it was not something that the local community wanted.