LAS VEGAS, Nev. (FOX5) – Seven businesses, and now a condominium complex near the Strip, are asking Formula One and the Las Vegas Convention and Visitors Authority to pay them back for their losses during the races, an estimated total of 23 to 25 million dollars.
”Battistas, Stagedoor about 4 to 5 million, Jay’s Market 4 to 5 million, Ellis Island I think upwards of 9 million, Geno at Ferraro’s restaurant 3 to 4 million,” said Lisa Mayo-DeRiso, community representative for the Flamingo/Koval/Harmon corridor.
Now, the Meridian condominiums is joining the call for reimbursement. Board President Michael Schurer said they sent a request to F1 and LVCVA officials earlier this month.
”We’re asking for about $250,000 initially,“ he said, “and this is to cover 2023, not going forward.”
Schurer said F1 construction shut down the main entrance to the complex from Flamingo Road, forcing them to make changes to the back gate and hire more security to monitor the entrances.
”We had to widen the gate just for EMS access and to have two cars come and go at the same time. It wasn’t designed for that,” said Schurer.
Schurer said the Meridian still hasn’t heard back about their reimbursement request.
Meanwhile, over the last few weeks, F1 and LVCVA officials have been meeting individually with the seven other businesses asking for reimbursement.
“The meeting was very good,” said Randy Markin, owner of Battista’s Hole in the Wall restaurant. “We went through some numbers, some problems. They realize that things went south, and we’re going to try to work together to fix this year and make changes so for the next nine years, we don’t see the same problems.”
Some changes business owners said they would like to see are more traffic studies before next year’s races and the bridge at Flamingo and Koval not coming back.
FOX5 reached out to F1 and the LVCVA for any comment on the reimbursement claims and the ongoing meetings with business owners, but we’re still waiting to hear back.
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