MIAMI — The possibility of Formula One racing on the streets of Miami took a step forward on Thursday.
Miami Dolphins owner Stephen Ross and Miami Gardens Mayor Rodney Harris have offered a joint resolution with Hard Rock Stadium, with the goal of addressing the concerns of local activists who have been against the idea of Formula One racing in the South Florida city.
The resolution will go before city council members for a vote next Wednesday. The proposed memorandum of understanding would see event organizers pledge an economic package that includes $5 million in benefits to local residents and businesses.
A STEM program would also be created in the city to offer internships to local residents. Event officials would also construct barriers to limit the amount of noise pollution generated by racing through the streets.
Ross has long sought to bring Formula One to Miami. He previously supported running a Formula One race in downtown Miami, but that attempt failed. This proposal features the construction of a street course around Hard Rock Stadium, the home of the Dolphins.
Should Formula One formally confirm a race in Miami, it would become the second Formula One race in the United States alongside the annual event held at Circuit of The Americas in Austin, Texas.
Formula One hasn’t raced twice in the United States since 1984, when the stars of Formula One raced in Detroit, Mich., and Dallas, Texas, in consecutive events. Nelson Piquet won the Detroit Grand Prix and Keke Rosberg claimed the Dallas Grand Prix that year.