The home stadium of NFL side the Miami Dolphins has edged closer to becoming a host for the Formula 1 in 2021.
It comes after the announcement of a deal in principle between the sport and owners of The Hard Rock Stadium.
A joint statement by Sean Bratches, F1’s commercial managing director, and Tom Garfinkel, the vice-chairman of the Miami Dolphins highlighted: “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 $400m 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.”
Expansion and growth, specifically in the US has long been an ambition of F1, with the plans now hinging on the approval of Miami-Dade County officials.
The approval of plans could lead to the debut race in the stadium taking place in May of 2021, according to The Miami Herald.