Will F1 Be Worth It For Las Vegas?
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- Опубліковано 3 гру 2024
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Although the return on investment for many locals right now is not looking good, do you think the long-term impact will make up for it?
Only for the people who invested big money, it was always going to benefit the big companies and not the small busineses
As i tried explaining in a comment on your last video... If it would be financially worth it, Vegas would not get the race. It always comes with a financial hit and hopefully your gain in non-tangibles makes up for it. F1 makes money for F1, not for the places hosting the races.
Not really, only the construction guys, and the casinos. So far some smaller businesses and restaurants are losing money
How about paying a living wage to workers instead of relying on tipping? Or maybe corporations could give a bonus for the week.
My best guess - it's gonna be hard to tell the true economic impact until years from now, when a few F1 races have already happened in Vegas. With all that infrastructure that needed built for the race, will the following years have a smoother transition to "race time"? My last 2 trips were impacted by the construction and road closures (April and October). I knew what was going on and was very interested in the logistics involved in such an event, but I'd rather my next trip not have all the F1 reminders. Would love to be there in person to see this event, but my pockets aren't that deep and I don't gamble enough money to get any decent comps. F1 is better on TV anyhow.
There's going to be loads of money made, but not by the people who need it the most and who are working the hardest to keep the city functioning.
First responders and their managers who already make 100K will be working overtime for the entire event and take home 10K for three days work.Nice work, if you can get it.
I really hope local 226 got a sweet deal with that settlement
I will not go back to LV greedy S.B
Yes. The gamblers.
Stop questioning your corporate and government masters, serf.
When I got my 2nd write up in one week after 8 years of never getting written up I gave my notice. I had never been late before.
I actually already had it prepared and gave it to my chef after signing the write up.
The look on kis face was epic while reading it. He asked why and I explained I had no intention of getting fired do to being late.
That was 3 weeks ago, my new job is about a block from my house. it's amazing not spending an hour a day in traffic to get to and from work. That was before the construction started, after it was 2.5 hours to get to work and almost 2 to get home.
I don't see myself EVER going back to work on the strip/MGM again! in my lifetime!
That's awful you had to quit your job. Good on you for changing location. Question, is there a petition of some kind to ban F-1 races in future yet?
@@adrianvee7777I’m voting against Lombardo for being obviously bribed to host F-1. The event is sponsored by Shell, Aramco and probably more oil companies. Republicans receive the most donations from oil companies. That’s the best petition I can think of.
You are not alone and good on you
No, I don't know of any type petition.
To be honest,
I didn't "have to quit" every cook in the kitchen a week ago has more than enough points (probably double) to be fired, and the reality is they can't fire everyone. But I couldn't having that hanging over my head.
Fun fact,
In 2021 I was employee of the year, two of the things highlighted at the banquet was that I had never been late or written up. Now I had been written up twice in one week.
The thing is I was done with that traffic. I live only 11 miles from the resort my commute was typically 20-25 minutes. That became anywhere from 2 to 4.5 hours one way.
Job is about a block from your house and you couldn't utilize any other form on mobile transportation let alone walking, very interesting
I was out there 3 weeks ago. Every single employee I talked to, especially Uber drivers, expressed a negative opinion of how things have been with the F1 preparation. My takeaway is everyone wants the contract canceled. I didn't speak to a single local excited about F1
Well that’s not surprising and doesn’t say much. Conformity is out of control right now. People love to complain also
You didn't speak with high level management, CEO's, owners of casinos.🙃
thats why taxis increased their prices roflmao... complain more
Uber driver is not a job. It should be a side gig at best
@@mariovegas5699 What difference does that make? Are you a paid shill for this corrupt boondoggle?
Jacob. I've been a regular Las Vegas visitor since 2000. Anyone visiting for the first time for the last few weeks will never want to return. The spectacular architecture, signage and great views of the strip obscured by barricades and tons of metal bleachers, gates and light stands. All the free attractions on the strip shut down for the race or blocked from view: Venetian canals drained. Mirage volcano shut down, Bellagio fountains blocked/obscured and the trees along the front all chopped down. The best views North & South on the strip were from all the pedestrian bridges crossing Las Vegas Boulevard, but now those views have been blocked. Nightmare driving on the strip and streets anywhere near the Strip. Whole parts of the Strip now blocked from even walking. Closed restaurants and shows during the event. F1 fans visiting Las Vegas for the first time might be happy with their experience, but everyone else, who would be the majority, will be sorry they came anywhere near Las Vegas during this debacle. It's probably a mistake now, as long as the race remains, to visit Las Vegas for 3-4 months before the race, to a month or 2 after, basically cutting out half the year almost.
Those bleachers....I just sat in bleachers at a Challengers Tennis event in Calgary. If you don't bring a portable back rest....you'll be cussing at the price you paid to be uncomfortable.
You nailed it. I have been visiting Vegas since the 80s. I was there a few days ago, and it was my least enjoyable visit ever. Driving and walking were exponentially more difficult.
As a local, these past few months have been so bad that I just put in my 2 weeks, and when I have to go to work, me and all my coworkers have decided that we’re gonna still go to work at our normal times, if we’re late, we’re late :) And not to mention I’ve already heard so many staff putting in their notices, this city has gone down the gutter, happily preparing to move somewhere else!
That is absurd they expect you to leave your home hours in advance… and not compensate you in any way.
I have 6 good friends that drive Uber/Lyft/Taxi full time...they've said due to construction travel time between rides and detours they can only get 50%-70% of normal business in same time. Fares have not risen to subsidize this. So thousands of drivers have taken HUGE pay cuts for past few months.
It's a particularly big nightmare if you work at Wynn & Venetian. It takes me 90 minutes to drive from Green Valley to get to work on time. All banquet/convention gratuities have been 'capped' at a preset low amount with the hotels keeping everything & yes, Europeans do NOT tip at all.
Thats horrible! Hopefully you can find a better job or something. That would annoy the shit out of me
As a European myself, I think tipping culture in the US is awful and I don’t support it. HOWEVER, if you’re visiting another country you should always abide by local customs even if you don’t like them. If people aren’t willing to do that then they should stay at home.
@@Yantrus A Hungarian-American living in Hungary here. Greedy-stupid US-stype compulsory 15% and even 18% "service charges" on restaurant bills" came to Hungary only this year. Result: most Hungarians stopped eating out in restaurants. There are always the tourist-suckers, of course.
@@frankfarago2825 Tipping was always a sign of gratitude for exceptional service. However, it has devolved into an expectation of extra because they are breathing air.
I’m from England, and come to vegas 6
Times a year, love the city and its people I agree about tipping, it embarrasses me that travellers from uk and Europe don’t even try to accept tipping culture - personally I over-tip to make sure I’m not lumped in with those ignorant tourists, i usually tip a Minimum 20% as it’s easier to calculate in my head
I was there from Nov 5-11, staying at Vdara/Bellagio area. There is a lot of scaffolding in place and the grandstands obscure a lot of the views from the street area. It was not a pleasant experience considering that a big part of the Strip's allure is walking around and marveling at the buildings. You can't do that anymore. I'll imagine that this will be the case for roughly half the year as they constantly construct and tear down. All of this for a three day event. My whole Strip experience is soured over this. I'll still probably come to Vegas, but Fremont and SouthPoint/M, etc, are becoming more attractive as potential options. The Strip experience as we know it is over.
Yeah I was thinking that maybe the result many people who would have made annual Vegas trips will no longer cause of the poor experience over the past 3 months.
I go to vdara at least once a mo. Staying clear of all this until Dec. Walking through all of this mess takes the joy out of walking on the strip
I agree! We won't go back if the scaffolding, etc, is up.
I get your frustration but honestly this is a year one pain point. It won’t be like this in future years. All the temporary structures will be down before NYE. I promise you.
Its much cheaper anyways. The local destinations are very underrated and underserved.
Loving the guy in the background rocking up and rearranging the chairs so he can put his feet up.
Of all the land in Vegas...I feel it was selfish and greedy of F1 to have this ON the strip. They could have done it anywhere else in the city/county and still generated revenue for the strip. Thank you Jacob for all you do!
The Strip is the reason why the race is being held in Vegas in the first place. Otherwise, the third American GP would be in Watkins Glen or something
Good point
Unfortunately Vegas is a city that welcomes selfishness and greed with open arms.
@@greatBLT The American Le Mans Series at Watkins Glen, NY is 10x better than any stupid F1 race anywhere on the planet.
I suspect resort world(under the pap gov of singapore which is a strong advocate for the night f1 made this happen there)
My wife and I go to Vegas regularly. At least twice a year. This is making me look for another vacation destination. It has gotten way to expensive and the traffic is out of control.
Ditto
We are going to Oklahoma Windstar!
The city will be back to normal in a few weeks. I highly recommend coming in Jan or Feb as the crowds disappear and it's easy to get around during the off-season.
@@plektosgaming I think you're missing the point... if you going to LV at least twice a year, you are not looking to "restrict" your visits to the half of the year when F1 isn't impacting it. AND, LV is getting so ridiculously cost prohibitive as a "small vacation" trip (I should know, I've been going there at least 6 times a year since I was a child in the 80s, and even with comped rooms and food/drink credits you can still end up spending hundreds of dollars (not including gambling money)), so many former regulars are just going to look for another place to call their "regular" vacation destination.
Great job Jacob! Your higher education shows in your vocabulary & intelligent videos. I was in Vegas 3 weeks ago & stayed DT to avoid the F1 fiasco but was still affected by it. I almost missed my flight due to F1 as the rideshare driver had to take the strip to Harry Reid airport due to all the roads leading to the highway were closed. Corporate greed is causing this. You were the 1st channel I subbed to 4 yrs ago. Keep up the great work!
You hit it right.. the damage and stress to the LV worker has been enormous.. being an Uber Driver my bottom line has been negatively affected and my personal world greatly impacted. The biggest problem stems from the lack of planning and forethought plus the mindless inconsideration from our elected leaders. They should pay the price next election.
Don't forget, to vote them out, somewhere along the way you know they got a cut!
You don't know if they got it cut. It is NOT a reason to vote them out. They may have been persuaded and are now regretting their decision. You vote someone else in, and they may be MORE likely to approve something like F1.
@martygras378 They're politicians. They got a cut of the money in some way, shape, or form.
wah wah wah.
I am a local and was just on the strip this past weekend to visit a coworker that was in town. I parked at the Palms and took an Uber to Harrahs, the trip to the strip took 25-30 minutes. On the way back the Uber ride took 35-40 minutes. Granted, on a Saturday you expect the trip to take a little longer but that is ridiculous. I cant wait till its over.
As someone who is working in the direct area where f1 is taking place, we were informed that we will not be getting anything and the bonus that was promised has been wasted on the construction
I advise you all to quit. Let the people who are making all the $$$ from this fiasco do all the work. I am serious. It ruined my Vegas experience in September and I come several times a year, every year!
That is absolutely ridiculous. Sorry you have to deal with this mess!!
@@judihiscox7800 Asking people to quit their jobs, this company can easily replace them
We used to have F1 in Adelaide (Australia), and still have Supercars, basically on the same track that winds it's way through the CBD and large public parklands. Traffic is impacted for local workers for several weeks but the major viewing stand construction is in the parklands, away from businesses/commuters.
Your race is totally different, the impact on businesses/workers/transportation/tourists is massive as it is focused in the revenue-generating area.
I'm in Vegas 30 Nov - 4 Dec, it will be interesting to see how quickly they can disassemble plant/equipment and get the strip back to normal.
I'm betting it will be close to Christmas before it happens.
Partner and I are returning on the 5th. I can’t wait to ask all the casino staff and drivers how they liked it. I am hoping they did but after so much gripping I am wondering if then dismantling everything will still be messing with their commute into December. I am betting around the same time too. But I also wonder what they will be doing with some of the structures like those erected on the Bellagio fountains.
@@angelinimartini I'd hope Bellagio Fountains and Venetian would be a big enough pull that they dismantle everything. I don't hold any hopes of them replacing the trees at Bellagio though.
@@Blazer1AU well they likely wouldn’t replant until the f1 contract is over… by then people may forget all about the trees. That may be their hope. But like many people have brought up, Vegas wants to charge for everything. My partner and I wonder if they will find more ways to monetize on the fountains with added pay to view spaces. Guess we will see…
I watched them take down Monaco after the race, and believe me they don't hang around. It was less than a week before there was pretty much no sign anything had even happened there lol, and only maybe 2 days before most of it was gone. Of course they've had a lot of practice doing it so maybe it might take a little longer in vegas, but remember all that stuff costs money - the longer it's there, the more it costs, so they have a good incentive to get cracking asap.
I have visited Singapore on the weekend following their F1 race and there was virtually no trace of the infrastructure, just painted track limits on the streets. Singaporeans are very efficient. In many ways, LV resembles Singapore from a business perspective so if Singapore can make it work (every year since 2008 except 2020-21 for obvious reasons) I'm sure LV will be able to make it work. And don't think Singaporeans don't complain about their government's decisions, the famously do, especially if it gets in the way of making money!
I work at an independently owned bar just off the strip on Flamingo. This is typically our busy season and this year, due to all of the construction, business has barely trickled in even with the sphere just down the street. I am dreading this weekend.
My wife and I actually “CANCELED” our annual trip because of F1. We didn’t want to deal with all the crap of the event to have our normal week in Vegas! Oh, when we do rebook…. We would love to take you and Norma out for a great dinner to thank you both for always keeping us up to date! Up for it?
Congrats to you great foresight I live in this m e s s unfortunately.
It's the first F1 so you should have went.
Cancelled my trip end of October because of the F1 construction.
Same here. We've done a mid November trip for years now but decided to skip it this year, and probably every year until this goes away. (Will still go at other times though.)
This wasn’t mentioned, but it’s going to take until the middle or end of December to get the F1 set up and grand stands removed. A disruption for visitors coming in for the Rodeo, or just a Las Vegas vacation in general.
We were in Vegas a few weeks ago and were just disgusted by the F1 construction along the strip. Couldn't even see the Bellagio fountain, for example.
I'm going to Vegas in early March and this preposterous nonsense better be GONE. All of it.
I'm a huge F1 fan but it will ruin the Las Vegas experience for many. Tickets were listed at $1060 last time I checked. I hope this doesn't work out. Seems like they are not considering the local's or visitors' best interest.
I think what might be going on is that the infrastructure need to support F1 was never in place and thus, why all the mess and the over 6 months to get everything setup. Once all the infrastructure is in place. Setup and teardown for subsequent races after should be down to about 2 weeks. Sadly though, I wouldn't expect the Bellagio fountains trees to come back any time soon. And speaking of the Bellagio fountains. I have a felling that those big concrete blocks that are used support the grandstands are going to remain sitting at the bottom of the pool from now on.
Great analysis. @@appliedengineering4001
They could care less about the locals in Las Vegas.It’s always been this way but is much worse nowadays.luckily I work at the airport and had no problems so far but a friend works at Bellagio and it takes over a hour to get to work
The casino’s executives and the F1 owners don’t care if they inconvenience the local community and the tourists. As long as they are filling their pockets , they have a contract Vegas is stuck with it unfortunately.
Whe I went to Vegas a few months ago a restaurant tagged on a 20% fee on it so I made that be the tip.
The politicians that green lighted this nonsense need to GO.
Just do what the locals do - head to Freemont and the Arts District and avoid The Strip. No traffic, same good food, and far more fun for your time and money. And the smaller casinos there are not charging these insane secondary fees, either.
Thank you for this honest reporting!
This Jacob guy is the real deal! I love his reporting too.
It’s yet another example of the way Vegas has changed. The big casino operators have all decided to make it a resort area for the wealthy. Gone are the days of catering to ordinary folks, we just don’t spend or lose enough money. The proliferation of fees, charging for parking, ceasing comps (except for the biggest gamblers), and just plain gouging folks as much as they can is the new business model. I’m never likely returning there and will choose to spend my leisure time and money elsewhere. My 6-8 annual visits are done. I tried returning after the pandemic and after 3 or 4 trips realized things were getting progressively worse. Vegas doesn’t want me, they want wealthier spendthrifts. The F1 crowd is exactly what they’re looking for. As far as locals are concerned, I doubt very much they care about them as long as their revenue and profits increase. I’m hoping to find places they want my business. And if I want to visit a resort it’ll be an actual resort, not the contrived one in Vegas.
💯 yep, exact same.
Very well said
Depends on where you stay. If you know what you're doing, you can still have a blast in Vegas. I highly doubt Excalibur, Circus Circus, Sahara, Horsehoe and The Strat are catering to the wealthy. But I know what you mean generally speaking. Where is the fried chicken and baked potato and drink for $13.99? Or steak and lobster for $19.99? Or a T-bone for $22.99? Gone for good, I would think. I go off the strip for a lot of my fun.
As a local, well, the secret is that we also do the same. We avoid the local casinos and go someplace nice like Laughlin or Reno to gamble and get away. Which still cater to us normal people.
I hope not. This was a bad idea from the start. Racing at night. Racing with very restricted views. Racing with extremely high prices. I believe this will prove to be a big mistake.
I predict 3 years maximum for the Formula-1 race event in Vegas. To date, the disruption and costs have been way too high for the Vegas economy. And once the financial impact figures are given after the race - it could just be confusing. Remember the very true saying: "figures don't lie, but liars sure can figure"!
We shall find out next year during tax season. Pretty sure Vegas picked it this year because this year Vegas doesn't just host the first of many F1 races because those repairs of those roads were overdue but because they are hosting multiple finals. From the Superbowl to the in season NBA tournament. The Las Vegas Aces and Vegas Knights who just won their championship. The race is being hosted during Thanksgiving weekend which Vegas has been waiting for. Construction next year won't be taking as long for repaving the roads. In the end the county needed to repave the roads and liberty media underestimated the costs and now realized they are shortening themselves unless this F1 race will gain more fans
@@henrylam92 And in the end, it's about keeping Vegas as a tourist location even when there is a looming recession. It sucks for us locals for a bit, but tax revenue.. yeah, roads and schools and so on will maybe be getting some repairs and upgrades. This is the reality of a tourist town. We are basically a 3 million person cruise ship and we have to deal with it to get the secondary benefits as the crew. All in all, not bad considering we pay nothing in state income tax.
And, trust me, Los Angeles is far worse to live in. Hour commute is just the norm, smog, insane taxes, and impossible rent. This is pulling off a band aid by comparison and will be over in a few weeks. For a billion dollars or more moving through the local economy.
Thanks for the great video Jacob ! Hope everything is going well for you !
Hi Jacob, I live near the new Rams stadium in LA. The first time I heard of F1 was last week when you mentioned there intent in Vegas. I was SHOCKED to hear that your city council allowed F1 to take advantage of the good people of Las Vegas. Thanks for bringing this to the public’s attention!
What rock ?
The City of Las Vegas has zero to do with F-1. The race is in unincorporated Clark County and the Clark County Commission will get the blame. The CC Commission works exclusively for the resorts and not for those of us who live in unincorporated Clark County.
Yep, and I would be running for the seat of any Vegas council member who voted for F1. And I would get some of my friends to run also. The only ones making real money from F1 Vegas race is F1, the greedy casino's and probably the city of LV. I agree the race should've been off the strip somewhere in the desert (where there is plenty of space). The really destroyed the look of the iconic LV Strip. I don't/will not believe the over one billion in projected revenue (no matter what fabricated number the politicians put out). I love going to Vegas in the winter months, and I hope F1 is a flat-out failure! Sorry for the negative attitude, but anyways...great video as always Jacob.
Lol. There are two types of people in Vegas. Locals who understand that this is a big tourist trap to make money off of, and the transplants who expect it to be Orange County 2.0. Well, news flash - it's a giant city run on tourism. They didn't take advantage of us.. it's the literal price we pay for things like no state income tax and electricity prices that are 1/3 of Los Angeles.
side note - leaving Los Angeles was the best decision I ever made.
@@plektosgaming Commiefornia politics ?
Just came back from there about 3 weeks ago & the taxi driver says it's been a nightmare with traffic & road works. Also a lot of barriers, stands & blocks up everywhere on the strip. Was still a great time
Last night my wife and I celebrated our 3rd anniversary, we wanted to get a couple of cheesecake slices delivered from cheesecake factory, unfortunately the only location that will deliver to us was the location on the strip, and because of F1, the estimated delivery was 106 minutes, um no thanks. So F1 for me as a local, has had a terrible impact, I hope it never comes back. I did not want to put a poor Doordaash driver through that nonsense.
I am just a simple tourist that loves Las Vegas and have religiously visited 2 to 3 times per year. Sorry to say after my July visit and dealing with the horrific traffic created by F1-I plan to avoid Las Vegas in the future. I come to enjoy the greatness of the strip. If I wanted to walk around in a racetrack, I would just go to the Texas Motor Speedway.
They're going to remove all the stuff form F1. You can still go to Vegas and enjoy yourself. I love Vegas too and I hate to see a fellow Vegas guy go sour on it for that reason. I'm going in March and all that F1 nonsense will be gone. Don't throw in the towel. This is temporary.
I remember a few years ago, Boston politicians wanted to bring the Olympics to Boston. The voters said, "Are you crazy? And nixed that. I would hate the F1 if i was living in Vegas 🤯
the residents NEVER wanted it here
residents aka workers? @@blakesoutherlandLasVegas
Boston showed a rare moment of rationality there. OTOH, there was the Big Dig....
@williamwingo4740 organized crime, politicians, big businesses, and "higher institutions" wanted that. We were very lucky it didn't cause more damage to the old neighborhoods.🤕
The people in Atlanta were not thrilled by the 1996 Olympic who came in and took over the city.
I don't live in Vegas, but consider myself a constant visitor and fan. I first thought it was a good idea but when we were there mid September and saw all the disruption I really think F1 should be out of there. A lot of the things we loved to do were not available or it was a nightmare to get to them... That was in September, can't just imagine the crisis now... I won't go back to Vegas during the F1 pre and post months... So sad they just took over our place.
Like what? What couldnt you do or get to?
Great points and examples. Thanks for standing up for locals!
Well, maybe on the bright side, the strip will finally get that rework it has needed for years.
Phoenix AZ did a Gran Prix back in the 80's. Much of downtown was fenced and walled off for the track. Several temporary pedestrian bridges erected in town so folks could get to their offices and other businesses inside the cordoned off area. It was a multi year contract but, after that first race, there has been no more. Obviously it was much more trouble than it was worth.
Well if this fails dont get mad at F1, that's what the residents wanted remember...
I’m a Server in one of the fine dining restaurants on the Strip. It’s been a total nightmare. Plus they robbed me of my shifts. Spread the word about the Commissioners. They shouldn’t be re-elected for what they did to this city.
Let me mention where have they already lost money, affecting what they forecasted:
1. Every discount from prices a year to now, lost.
2. Hotels had been asked by FIA for an additional fee per customer with room with view to the track, of around $1500, which hotels rejected to pay, lost.
3. A month ago Nevada citizens given a $200 deal for F1 experience weekend, lost. That basically mean, they were not able to sell those tickets somewhere else.
4. Any extra money used to cover visible areas near the track, lost, as it is a result of fees not paid by hotels. Additional to #2.
2. not true they did not ask for hotels with a room view that is a nice tick tock story They asked Bars and Restraints that where selling tickets to the race to make a payment
The goal for us locals should be to want to see money change hands as much as possible, locally, which means the less they make (they will still make stupid money), the more people are spending on rooms, food, and entertainment. You need to think of it a little self-serving and mercenary as a local. We want them to build stands and obstructions and tie themselves in knots as that's money going into local unions and construction workers. Build 20 more bridges and walls - it's all money staying here :) We want them to foot more of the bill and get less back out of us. lol. We want that tourist to spend money on all that catering and food and catch a show at The Sphere and rub elbows with fellow whales at the casinos. We smile and take as much of their money as possible while giving as little back to F1 as we can. :)
Every year in Long Beach, CA they the Long Beach Grand Prix. The city has to block off the streets and the freeway off ramp. The people of Long Beach have had to learn how to work around the Grand Prix.
they should have and could have built an entire race track complex just outside of Vegas this was not a good idea it probably would have went over well with residents and still made a lot of money as well
I agree but the point of F1 is the big money shutting down the normal streets
These Uber-wealthy European F1 fans had best tip appropriately. Just because tipping isn't in their culture doesn't mean you bring that with you - they're OUR guests in our home, where the employees are compensated in a way that counts on those tips happening. Will be interesting to hear how this plays out.
I drop off and pick up gf daily at the wynn. Talk about NOT being prepared or equiped to handle employee pick up and drop off,the wynn did nothing plus they sold their parking garage to the sphere so employees cant even park. Now they say to drop off in some dirt lot by old frontier spot and take a bus to wynn. Why cant they be dropped off ar the encore? The amount of anger and stress us locals have endured cant be measured as a "win" for vegas.
Was planning on going out but decided not to go; super glad I didn’t! Very concerned it’s not going to go well at all… and I would’ve gotten totally screwed with the room price $$$. Crazy how much the rates have fluctuated. We’ll see how it goes tho I hope for the best for all effected by F1’s construction 🙏🏻
Jacob I feel for all residents and anyone who has paid to holiday in Vegas whilst all this construction was taking place, yeah it might be bringing revenue to Vegas but as you said are the residents and all the small businesses going to get a cut of this revenue. I’m not saying don’t have F1 in vegas but surely it could have built purpose built track on the outskirts it would still bring in revenue for everyone with less disruption to locals and tourists. Great vlog 👍👍👍
Than kyou
The a-lore for this race is it being a street circuit and the strip being involved. I think that’s why the wouldn’t want to build a track on outskirts but could be wrong.
👍
I am a once or twice a year Vegas traveler. My host offered a suite (front and center strip hotel), airfare, tickets for the events and considerable free play. Absolutely nothing about that event, or the sheer craziness associated with it, interests me.
You are close-minded
Ours told us don’t bother..
Wish my host loved me that much lol 😂.
You must gamble like 30k every visit or more?
@@scottgray9674 or they are lying. People lie about the weirdest stuff on here. He must be terrible at gambling or he’s lying. Why else would they give him that much? Makes no sense
The sad part is no matter what damage is done, Vegas can't get out of the contract unless F1 agrees with it. Also a billion for Vegas is sad, when Cleveland did around a billion just for the MLB all-star game, with no major disruptions. Vegas will get 1.2 to 1.5 billion easily for the Super Bowl, with a fraction of the inconvenience F1 has caused.
Except we aren't the permanent home of the Superbowl, either. I'm a local and I see that area of the city ( which I avoid entirely ) as "Gambling World" (the adult version of Disney World for reference). Build as much crazy as you want over there, it's all money going somewhere into the economy. I live over here and am fine. You can look at Orlando as a reference. They get a lot of money from having that giant tourist trap next to them. It's gone from a tiny sleepy swap town to a major urban hub entirely due to tourism. So more money, please. As long as it's not tearing up homes and the nice areas of the city/stays over there.
F1 race is every year.
Super bowl game and all star game is yearly, but in different cities.
Vegas will smartly extend the race for 10 years.
The economic impact, jobs, revenue, experience, prestige are all well worth the small inconvenience.
@@kaceydillin7367 unfortunately you seem to be the only person who doesn't have a problem with the inconvenience. Either way, Vegas is getting screwed by F1 wanting more public funds. To bad some of the events/conventions aren't on a larger scale (your comic-con should be close to the same level as San Diego's, New York's, or Atlanta's Dragon-con), or more attractions added. With the history of boxing and MMA, not to mention the Cauliflower Alley Club meets in Vegas every year, this makes Vegas a prime spot for a Boxing, MMA, and/or wrestling HOF.
@@nick_knows_stuff the first year is the hardest. For sure. The economic benefit is too good for the residents of Vegas to pass up. So you have to leave the house 5 minutes earlier. All the tax revenue and infrastructure improvements are well worth it.
Just a personal preference, but I love the unpolished videos Jacob:) I can only imagine what it must be like there now. Back in June I was there for a week and it was brutal then from a tourist perspective. I stayed at the Elara and it took 45 minutes for my Uber driver to get to the hotel despite only being 1.5 kms away. Then from the hotel over to Paradise and Harmon took another 30 mins---glad that I planned in advance to leave plenty of time to get to the airport. The poor driver was stressed to the max and he, plus many of the employees that I spoke with at the hotel, were not at all impressed with the disruptions back then; it has probably increased five-fold by now.
This whole situation is terrible for the Vegas residents/employees. Just like everything else in our country, only those at the top will benefit from this. Truly awful.
correct. The race is going to make the organisers money and the contract will probably stay. and they wont care if the locals lose out for a month before the race every year.
Bottom line: Will one big race weekend make up for 6 months of people avoiding Vegas? Quarterly revenue will be interesting to see.
Vegas was already losing its appeal to LA residents - and this seals it.
We are changing from a gambling town to a sports and entertainment focused one, so there will be growing pains. But the old casino only model was never sustainable. Every recession the entire town folded in on itself and people moved out. Covid just magnified the pain. Yet no matter how bad the economy is, people will go to shows and entertainment, even if they won't gamble.
As for all of this being terrible for locals, this is every day, forever, in Los Angeles, Chicago, or Houston. This will be over in a few weeks. (plus us locals all avoid The Strip like the plague - the freeways are very efficient)
I was in Las Vegas this past weekend, it was packed.
@@California_Poker The casinos are figuring out that even if the economy was in shambles, people will still spend money on entertainment. Even during the Great Depression, movie theaters made money. And we still have pretty cheap flights. So.. nobody except the wealthy are going to Europe or Asia or even Hawaii, but a cheap flight (or drive) to Vegas and a $60 (including fees) room? I see no slowdown. Just some locals who haven't figured out the three ways to avoid the mess/still actually go to The Strip for some reason.
@@michaeldoe7051 If you go to an independent casino then the resort fee is about half that, meaning you can get a decent room for $100 a night, marketing and shenanigans aside. That's only a little above the national average if, say, you were on a road trip. The real crime is people still paying $200 or $500 a night due to not getting online and finding deals off-strip. Also, going from Sunday to Wednesday also cuts the price in half for almost everything in town.
Lol an european would never get insulted if you point out we dont have to tip. It is something we can be proud of.
I usually visit Vegas at least 6-times every year. I've watched the mess transpire all year and have personally cut back to zero, my visits for the past 6-8 months due to the F1 mess. And I'll be basing my return trips in the future on how things get restored after the race too. I'm just one person, but I hear plenty of others talking the same way.
I truly hope the race goes well and Vegas makes bank on this race. I really do. If they do however, I have to say that I'm not to wild about how the average dude had to carry the burden.
Silly me; isn't that how it always goes??? Zk
I came across your channel as an F1 fan and being from Melbourne that experiences minimal disruption during a F1 weekend, I really feel for you guys.
Biggest mistake Vegas made!
@@rottie1971if there weren’t resort fees, the hotels would charge $30 extra
... same mistake as American Football in Europe 😂🏈
4th biggest after Resort fees/ triple zero roulette and 6/5 Blackjack😤
We use to go every year in October/November but canceled this year due to the F1 mess. Will see how they clean up before I make plans to visit Vegas again.
Existing?
I think it will take 2-3 years to finally evaluate if the investments and traffic jams were worth it. Vegas made a business decision to host an event of global reach, this requires lots of construction in the first year. This was clear from the start, other major projects lead to similar difficulties, only difference is that turning regular streets into a professional racetrack is a project that has a much bigger scale than for example building a new stadium.
I'd be all-in for a class-action lawsuit against Legacy Media and City Council. So much of us have lost a lot of money and time we cannot get back because of all these disruptions.
Whos Legacy media?
@@erikapple8955I think they mean Liberty Media. Liberty Media is the company that owns a controlling amount of the stock for F-1.
@@erikapple8955 They own F1.
@flamingphoenixscorpio its called Liberty.
That was the joke
@@erikapple8955 My bad. Got those 2 words switched. lol
F1 will be the best event to ever hit Vegas. The economic boom will be massive.
Locals need to stop whining and be grateful for the influx of visitors and all the dollars spent.
A couple months of heading to work 5 minutes earlier is a small price to pay for all the benefit.
Liberty Media and the casinos SHOULD benefit the most, as they have invested the most. Simple economics.
Mental health from the added stress and anxiety of locals having to deal with all of this is something Vegas must also consider!
It's a gambling town, they don't care about anyone's mental health
@@immaseahorse24 Exactly
If it were an event like the Super Bowl where its just a week or so and its over it might be worth it. But the locals and even tourists have been inconvenienced for months for the setup. I've seen the screens they put up to keep people from seeing the sights from the walkways over LV blvd. and can assure you I'd be PO'd if I were there as a tourist. Sadly, when the race is over there is still going to be a month or more of tear down time that will make things just as bad as the set up time. No, its is not worth it. It really eliminates at least two months that I wouldn't consider going to Vegas.
Which is why it will be a net loss to Vegas. Just because you thought of it, and can do it, doesn't mean you should do it. This is insanity. Just ludicrous. I'm going to Vegas in March and this crap better be gone and I mean GONE.
Clark County has some of the lowest funded schools per student in the US I keep hearing in the news, and yet F1 has the gall to ask for an unplanned $40,000,000. Tell F1, "FU."
Small change compared to the $1.3 billion that the GP is projected to generate
Im glad at least the culinary union utilized this event as leverage to negotiate better contracts!
Union reps and administrators just got a bigger kickback
Employees didn't get much, we actually lost with the deal
There will be even less full time employment at casinos cause of this
@@b-radfromtheboo7205 kept pension benefits, workload reduction, more job safety were won. You sound like a right wing corporate shill.
A complete cluster fuck for employees and visitors around the strip.
I hope Vegas somehow gets out of the 10 year contract.
I generally visit vegas in July and December. No December this year.
Great goob Jacob
Mate, Vegas is the one that signed that 10 year deal,
@@keonxd8918 yes I know thats why I said I hope Vegas gets out of the contract. Not many people in the USA give a shit about F-1.
Nobody likes change, the bigger the change, the more resistance there is to that. That being said, wow this forever changes the strip, as someone who grew up with the Sturgis motorcycle rally and got ram-rodded when the 50th happened in 1990 and it never got smaller after that, this is what big events do to your town. Also, the short sidedness to F1 is the fact that people don't realize how damn popular it is in the world. When the race was in Austin at COTA, there were over 400,000 people at the track. I do agree that this build out doesn't exactly pass the smell test, F1 usually doesn't foot the bill for an event and sells it off to a local promoter.
Sure the race will bring in the super rich. But how many average visitors like myself are staying away from Vegas during the F1 construction and cleanup?
We don't pay attention to the noise coming from the cheap seats.....
Ya JACKASS PPEASANT!!!
5:59 - 6:02 that's Uncle Sam for you.......money to burn!
I am German, but of course i know that tipping is different in the US/in Las Vegas. I think most of the tourists from Europe know that, because almost everybody checks things like that before their trip.
I can imagine that some tourists pretend that they don't know how to tip to save money :-) But most of them know it.
When I saw the paving schedule last spring, I canceled my Fall Vegas trip to avoid this sh** show. We've all been stuck in traffic jams on Las Vegas Blvd because they closed a single lane, so this had to be a nightmare. It also may take months to get back to "normal". I'll probably skip 2 trips to Vegas because of F1.
I was there the whole time and it was not a nightmare. And trust me i hate traffic
I disagree with saying they are just putting on the race and see you next year. They own the land where they built the garages, and that is becoming their HQ. They are also talking about hosting entertainment events with that property. Lastly they spent hundreds of millions to build that complex. A huge project almost like an NBA arena level project
It has definitely been a nightmare for residents so far.
Most of the issues can be mitigated with proper planning. There were many mistakes made that can be corrected before the next races. And many assumptions on costs and impact that were highly inaccurate that can be adjusted. Long term I think it is here to stay, run much smoother, and significantly positive for the economy.
Hopefully it does!
You're very informative and awesome as always. Thank you for keeping us in the loop!
Fire all the county commissioners now
Great point for talking about the economic effects on SMALL business in Vegas. Bravo Jacob.💯💯💯💯💯💯💯💯💯💯💯
I have been watching F1 since they had a series about F1 on Netflix which got a lot of people interested into watching F1 . I am in Vegas and would like to go but as a senior I just don’t have the money to buy a ticket which is very expensive. The least expense ticket I have found is $652 then they go up from there $700,800,900,1000 and a lot of tickets in the $ 1900+ range. I am sure that the average worker or senior doesn’t have that kind of money either so it is a race for the rich or people with a lot of disposable income.
Trust me! it's better to stay home and watch it on TV.
The impact on the locals ain't over. How long is the cleanup going to take? It's not like Monday morning everything's going to be gone.
I think you might be overlooking the elephant in the room. What about the impact on the people that go to Vegas to gamble and have a Vegas experience? The very thing that has created Vegas, profits made from people spending their money there, must be negatively impacting your town. Seems like it's a case of 'killing the goose that lays the golden egg',
I am not a local, I am a fan of F1. I was excited when they announced the race. Having come down there in September I was sad to see the effect the race is having. If they announce a race for next year, I will not visit in the fall. Locals for sure are not whining, the effects are real.
Luv watching jacobs vlogs mega informative. Only been to vegas once and the vibe so different to anything in the UK. Its sugar in the venetian 👌
Jacob! I hope it turns out well! I really want to go to F1 in Vegas next year! Keep up the good work!
Hi, travel to vegas every october from ireland. What I saw this year was horrible. I watch F1 also. Street circuits are boring races and Vegas is ruined by this prolonged construction. If you went to this race you would not be seeing the best of F1 or the best of Vegas. The strip is ruined now for months between set up and take down. I can’t believe that the Vegas residents have not kicked up a bigger fuss. Leave Vegas as is, thats when Vegas is at its best. Many great nights there. I wont go again while F1 construction is on. 😢
What can we do ?? Please let us locals know and we will gladly do it !!❤️❤️❤️
Las Vegas as a community is paying for the privilege of enriching F1, Liberty Media, and faceless corporate casino operators for whom Las Vegas is just a part of their portfolios. I live here, and I'm pissed.
Us Europe’s do tip but we only tip when we get service.
Hey Jacob... I said hello to you outside of the Wynn near the escalator to the bridge this week. Your vlogs definitely have accurately described what F1 has done to Vegas. All of the employees at Wynn and Venetian and the two Lyft drivers that I spoke to over the past few days thought that F1 is a disaster.
It all will depend on 1) Will the quality of life improve for the frontline workers (not the executives)
2) Will the tourist experience be enhanced to encourage return trips.
3) Will the infrastructure be improved (goes hand in hand with the first two points).
We'll just have to wait and see.
They should invest in public transport, all those taxi rides and places not being accessible are solved
Pretty sure the questions are already answered ...
Hell..one day I couldn't even drive into The Bellagio. The amount of money that casinos are losing because people can't even travel around the strip can't be counted. Us locals have been staying away. But I did notice the off strip casinos a little busy.
Hey Jacob - my husband and I love your videos. You’re very informed and insightful on all things Vegas!!
What do you think about the “temporary” infrastructure…I.e., the films on pedestrian bridges blocking views, the stands, construction blocking the facades of buildings etc. on the Strip - how much of that do you think is temporary versus permanent? How long do you think it’ll take to come down? I’m wondering if my January trip is going to include a bunch of looking at barricades and construction in front of the iconic Strip casinos…
It will probably take a couple of months to take down all the "stuff" and before you know it, time to put the "stuff" back up for next year. November is such a nice time in Las Vegas and I suspect that many will avoid traveling here during the time period.
Based on other similar events, no more than a week.
My husband has been a limo driver here for 14 years and this is the first time he has mentioned that he doesn't want to drive anymore, it's so bad out there !!😢
Well seems like Vegas learned after all from this event, who would have thought that instead of asking for a low price and making tips mandatory you could just change the ask price and make tips voluntarily.
As a driver here for over 15 years I've never seen this much construction. Any given time you can get stuck on the strip for over an hour at a time.
I’ve been here around 13 years and it’s insane they won’t finish a single freeway before starting a new project. Now we have multiple parts of 215 under construction for years and i15 it’s insane they should put all the resources into completing a project. Hell I don’t see why the i15 isn’t a 24 hour project to get it finished asap.
Corporations are overcharging for the event and the concerns are people tipping? How about the corporations pay their employees more?
📣 shout it out loud
The main benefit is intangible: further cementing the glitz and glam image of LV with the entire world. F1 is much bigger abroad than in America.
what nobody is talking about is they have to spend months taking all this stuff down as well
That's what I am imagining THANKSGIVING WEEK's at the STRIP's gonna look like; more DECONSTRUCTION.
😩
Its the first year of F1 in Vegas. There are several city races and all of these cities profit massively. People crying about it will love it in 2-3 years
I just came from Vegas and I was crazy driving around there with that race stuff happening, I hope it's a huge success, Vegas can manage to pull this, it's going to be huge from now on.enjoy
A huge success for whom? Did you watch the video?
My brother and I go to Vegas every month. We stopped coming in June because of the cluster it is there now. Looking forward to coming back in January.
We all know that big cooperate events are set up to help the little guy.
Just like all those big corporate casinos… 😂
As a local I want to stay as far away from the strip as possible. The city has construction literally everywhere and it’s even worse around the strip. Went to the Cosmo last weekend and we were like an hour and a half late! Extra drive times.
We had this whole debate in Melbourne 25 years ago.
Yeah but Melbourne isn't an actual existing tourist attraction in itself, it's very different to Vegas. The whole of Melbourne is not reliant on tourism
You guys got a good deal with Albert Park. It seems very non-intrusive and the track is great for racing. Does Melbourne see a lot of disruption during race week? Obviously it can't be as bad as Vegas but I'm still curious if some businesses feel the heat.
We had the same concern during building for the F1 in Melbourne and its been a huge event here for 25 years,. Long term it will be beneficial long term.
Has anyone heard how long teardown will be afterward? These transit times are getting to be a bit much.
-Local
No more than a week for the stands and bridges. They work FAST. Or I should say our city unions work fast :) $$$$ :)
You're content is good, my friend! Love your research and analysis. Better than anything on TV by far. Keep up the good work!
What about all the people and small companies who have done the work to build the track they have definitely done well out off this.
That’s for sure 🤑🤑🤑
Have they? Have you read their contracts? Do you know if it's all local contractors?
Thank you very much for this video Jacob.
F1 down the Strip works great in a video game. In reality? Not so much.