BREAKING: The Las Vegas Grand Prix has resolved disputes with three local businesses, securing vital agreements just as the race prepares for its next event. This development follows claims from these businesses that last year’s race and prolonged road construction severely impacted their revenues.
Officials confirmed that agreements have been reached with Battista’s Hole in the Wall, Stage Door Casino, and Jay’s Market. The owners of Battista’s and Stage Door are the same, while Jay’s Market, a convenience store located near a Shell station, voiced similar concerns but did not pursue legal action.
The disputes stemmed from the inaugural 2023 Las Vegas Grand Prix, which led to extensive street shutdowns and construction in the bustling area of Flamingo Road and Koval Lane. Business owners claimed these disruptions made it difficult for customers to access their establishments, resulting in significant financial losses. The owner of Jay’s Market reported losses totaling $3.5 million.
Legal documents reveal that a judge dismissed a lawsuit from Battista’s and Stage Door last week, preventing these businesses from pursuing further claims. However, RDG LV LLC, which owns both properties, remains involved in the case, asserting that ongoing disruptions have diminished the value of its land.
Earlier negotiations led to a similar agreement with Ellis Island Casino, which also filed a lawsuit due to revenue losses. The partnership resulted in a designated spectator zone on the casino’s property, aimed at enhancing the visitor experience during race events.
As part of the ongoing adjustments, a separate deal was struck with a 7-Eleven located within the race area, where plans are underway to broadcast the race live from the store.
This resolution arrives just before the Las Vegas Convention and Visitors Authority voted to extend the Grand Prix through 2027, approving a $20 million sponsorship to secure at least two more races following this November’s event. The street circuit, which spans 3.8 miles and includes iconic locations on the Las Vegas Strip, has garnered international attention but has also caused significant disruptions for local businesses.
Despite these agreements, one lawsuit remains unresolved. Ferraro’s Ristorante on Paradise Road is seeking compensation for lost customers and revenue, citing both the 2023 event and anticipated future disruptions.
While recent settlements have alleviated some tensions, the conversations surrounding the economic impact of the race are ongoing. Race organizers assert their commitment to fostering better relationships with the community, emphasizing new partnerships and outreach initiatives designed to minimize conflicts with local businesses.
As the countdown to the next Grand Prix continues, the focus remains on how these resolutions will shape the future of local businesses and the event’s impact on the Las Vegas economy.