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Formula 1 released a statement saying they had reached an agreement with the owners of the Miami Dolphins NFL stadium to stage races from 2021.

It is the latest development from the plans of Formula 1 shareholders, Liberty Media, to bring a race to Miami. The proposal by Formula 1 features a new track layout looping around the Hard Rock Stadium in central Miami.

Formula 1 initially wanted the track to be in the harborside area, but the plans were derailed by local opposition and bureaucracy concerning the securing of permits. This came from some authorities from the affected jurisdictions.

It led to a switch in focus; hence, the NFL team stadium in Miami, which is owned by RSE Ventures, became the primary candidate. Thus far, a track layout has been designed which utilizes the car parks and land owned by the stadium.

It is also going to include a half a mile of public roads to the south of the stadium along Northwest 199th Street.

There was a joint statement that was issued on Tuesday on the official Miami grand Prix site between the vice-chairman of the Miami Dolphins, Tom Garfinkel, and F1’s Sean Bratches.

The statement announced the agreement to host the first Formula 1 Miami Grand Prix at Hard Rock Stadium. The expected annual impact of the endeavor was said to be $400 million as well as 35,000 room nights.

The switch to the Hard Rock stadium means the race is going to need the support of fewer authorities compared to the original downtown course, where the Bayfront Park had proved to be contentious.

That being said, it is still going to need the support of the Miami Dade County Commission.

Unfortunately, the County Commissioner Barbara Jordan, who hosted a meeting for the community residents concerned about the developments, outlined she was not in favor of the Grand Prix. She also iterated that it was something the community did not want.

Residents have been raising concerns about traffic, pollution and they are backed by key commissioners from the Miami Dade council that is going to vote on plans within the coming weeks.

Formula 1 commercial boss, Sean Bratches has been focused on Miami as the ideal location for achieving the ambitions of holding a Grand Prix in what they termed as destination cities in the country.

The Formula 1 CEO Chase Carey had previously implied that setting up a profile in the United States via a race in Miami or Las Vegas was a priority in the theme of expanding the sport.