Friday, June 14, 2024

Feds come up with funds for Mexico City Grand Prix

The Mexico City Grand Prix may continue in 2020 after all but a missed deadline means the city may not be able to have the race coincide with Day of the Dead celebrations.

Mayor Claudia Sheinbaum told reporters yesterday that the federal government will put up 400 million pesos (US $20.7 million), half the amount required.

“The problem is that the Mexico City Grand Prix required a federal investment of 800 million pesos . . . today we have other priorities, but the possibility exists that we can carry it out with 400 million.”

Earlier this year, Sheinbaum declared that the 400 million pesos the Formula 1 event required was an “onerous” investment that would be better spent financing the Maya Train.

The mayor said alternative sources of funding will be sought to keep the city from losing a “great sporting event” through which the city “earns a lot in tourism” revenue.

“We’re looking for a sponsor,” she said.

The 2019 event is unaffected and and scheduled to take place October 24-27.

Liberty Media and Formula 1 Management, the international F1 organizers, had given their Mexican counterparts a February 28 deadline to confirm next year’s race, which for five years had been held to coincide with the Day of the Dead week. Both events drew visitors and tourists in a mutually beneficial relationship.

But the deadline having been missed, getting a preferential date is uncertain.

Source: ESPN (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Jaguar surrounded by furniture and junk on a backyard patio at night in Cancun

Video of jaguar sighting in Cancún backyard goes viral

2
The video on social media shows the jaguar prowling a Cancún backyard patio at night and rummaging through the homeowner's belongings.

As heat breaks records in Mexico’s north, torrential rains pummel the south

1
Emergency officials across Mexico are dealing with both a northern heat wave with 50-degree-Celsius temps and heavy rains in the southeast.
Refugees displaced by an armed attack on their Chiapas town stand in the bleachers of a open air sports court and look at proceedings below through a protective wire fence

Over 4,000 residents flee Chiapas town following armed attack

7
Thousands in the Chiapas town who fled a June 4 armed attack by a criminal group refuse to go home until authorities can ensure their safety.