London's chances of hosting a Formula 1 Grand Prix are getting closer, with Bernie Ecclestone backing the course to be better than Monaco, according to the Daily Mail.
The circuit that will go through the streets of London, going past Buckingham Palace, through Parliament Square and cutting through Trafalgar Square. The race could raise over £100 million in ticket revenue.
Santander suggested the idea back in 2012, and since then plans have developed further. The possibility has the backing of Major of London Boris Johnson and several senior members of parliament.
Johnson said: "I am always interested in projects that attract jobs and bring growth. The question of air quality and noise impact will have to be looked at. I am broadly positive providing we can satisfy the air quality and noise issues."
Ecclestone, who is the president and CEO of Formula One Management and seen to be in charge of major decision in the sport, reckons that the event could be bigger and better than Monaco, one of the most prestigious events on the Formula One calendar.
There is expected to be some opposition to the move though. Members of environmental groups are against the move. Darren Johnson, a Green London Assembly member said: "Formula One should stick to the dedicated race tracks and leave our streets for ordinary Londoners to enjoy."
The suspension of the speed limits and legal procedures would also have to be considered. The fans will be hoping that if the deal does go ahead that the race is more like Monaco, rather than the Valencia Grand Prix, another road race that has failed to inspire and has delivered races devoid of excitement.
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