Formula 1 will leave Ifema to thrill the heart of Madrid. This is what emerges from a joint press release signed by the International Automobile Federation (FIA) and the government of the Community of Madrid. This change of direction abandons the idea of building a circuit in the surroundings of Ifema as well as in part of the Valdebebas district from 2026. The new project aims to bring the highest motorsport competition to the heart of the Spanish capital, incorporating emblematic places such as Plaza de Cibeles, Paseo de la Castellana and Puerta del Sol. This initiative aims to place Madrid on the map of major cities hosting an F1 Grand Prix, generating a significant economic impact and strengthening the international image of the city, as highlighted in the text accessed Madriddiary.
The preliminary design of the circuit proposes a route combining speed and technique. The start would be located in the Plaza de Cibeles, symbol of the city known for being the center of sporting celebrations. From there, the cars would travel along the Paseo de la Castellana, before entering the narrow and difficult streets surrounding the Puerta del Sol. This circuit of 5.47 kilometers will feature several sharp turns and a average speed of 213 km/h on the straight lines of the Castellana.
The president of the Community of Madrid, Isabel Diaz Ayusoexpressed his enthusiasm for this project, highlighting the benefits that this event could bring to the region. “Madrid is ready to host an event of this magnitude. This street circuit will not only be a showcase for our city, but also an economic engine that will generate jobs and attract thousands of visitors,” Ayuso said in a recent interview. For his part, the mayor of Madrid, José Luis Martínez-Almeidawas also optimistic about the possibility of turning this dream into reality. “A Formula 1 Grand Prix in Madrid would be a historical event. We are working to ensure that the city can offer all the necessary conditions for an event of this scalewhile ensuring that it has as little environmental and logistical impact as possible,” said Martínez-Almeida.
First economic estimates
Economically, the impact of a Formula 1 Grand Prix in Madrid could be considerable. According to preliminary studies, the event could generate revenues of several hundred million euros for the city, through tourism, the hospitality sector and other associated sectors. Additionally, this event would be an opportunity to promote Madrid as a leading global destination. “We are collaborating with international experts and the Formula 1 organization to ensure that the circuit meets the highest standards of safety and spectacularity,” emphasized Ayuso. It is also planned that the circuit combines the architectural beauty of the historic center of Madrid with the technical requirements of a F1 racingoffering spectators a unique experience.
Experts estimate economic benefits could reach billions
Although the project is still in its early stages, the enthusiasm of the authorities and sports enthusiasts is palpable. If negotiations with Formula 1 are successful, Madrid could join the restricted circle of cities hosting a Grand Prix, writing a new chapter in the history of the automobile and the city itself. “We are convinced that this urban circuit will be a success. Madrid has it all: history, infrastructure and above all, passion for sport,” concluded Martínez-Almeida. The dream of seeing single-seaters roar through the streets of the capital could be closer than ever.
Environmentalists make themselves heard
The project, however, sparked mixed reactions. While many Madrilenians and motorsport fans welcome the idea, others express concern about potential inconveniences, such as the impact on urban mobility and the noise generated by the event. In this context, Maria Angeles Nietocoordinator of ecologists in action of the Community of Madridstrongly criticized the proposal. “An urban circuit in the center of Madrid will have a catastrophic environmental impact. We will not only increase the levels of air and noise pollution, but we will also promote a car-centric city model, when we should favor sustainable mobility,” said Nieto. She also warned that damage to urban infrastructure and historical heritage could be irreparable.
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