Bernie Ecclestone Offers £35m for the London Grand Prix image

Formula One boss Bernie Ecclestone offers £35 million ($54.5 million) for a grand prix around London’s most important streets.

No information was yet offered about the 3.2 mile (5.1 km) route, but it is believed it will include important landmarks such as Buckingham Palace and Trafalgar Square. Organizers predict the event will gather more that 120,000 spectators and the money they would spent will cover all Formula One’s investment for the biggest race on the tour.

“Think what it would do for tourism,” Ecclestone said. “It would be fantastic, good for London, good for England – a lot better than the Olympics”.

Populous, is the architectural group that conceived the plans for the proposed circuit and also analyzed the race’s impact on the environment, saying that 27,000 trees will need to be protected. John Rhodes, the assistant principal of Populous, added that according to their examinations it will take 5 days to assemble the circuit and 3 days to dismantle it.

“Roads in Singapore and Monaco close down for the events and then open again each evening,” he declared. “The route is fairly enclosed so it would not affect London too much.”