The Verizon IndyCar Series will remain on the streets of Long Beach. Following month of speculation that the Toyota Grand Prix of Long Beach would be lost to Formula One, a decision has finally been made.
Following a feasibility study by KPMG, which included lengthily interviews with the Long Beach Police Department, the Fire Department along with public consultation the decision has been made that the Verizon IndyCar Series will remain on the streets of Long Beach beyond its current contract which expires following the 2018 race.
Hosting a Formula One race on the streets of Long Beach would have cost the city roughly over $100 million and there was little chance that the city would make that money back hosting the race.
The Toyota Grand Prix of Long Beach, which this year was won by Schmidt Peterson Motorsports James Hinchcliffe is a favourite among Verizon IndyCar Series fans and drivers alike.
The city council, will discuss the race at their next meeting on August 8. Paddock Eye understands that the Toyota Grand Prix of Long Beach will remain on the Verizon IndyCar Series schedule until at least 2023 however the city are looking for assurances regarding the set up and tear down of the grandstands and the bridges that link the circuit with the wider Long Beach area.