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Formula One buying land near Strip for $240M

After unveiling plans for a dramatic race on the Strip, the company behind Formula One says it’s also buying property near Las Vegas’ casino corridor for a hefty price.

Las Vegas Formula One race route focuses on central Strip

The Las Vegas Grand Prix’s circuit will mainly have drivers racing on Las Vegas Boulevard at night between Spring Mountain Road and Harmon Avenue, with a portion of the course including Koval Road to the east of the Strip.

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