The Long Beach City Council has voted unanimously in favour of continuing to stage IndyCar and enter negotiations regarding a new long-term contract.
The current contract for the Toyota Grand Prix of Long Beach was up at the end of 2018, with the city hiring an independent consultant to carry out a study on the viability of hosting a Formula 1 race.
F1 is known to be chasing new venues in the United States under the ownership of Liberty Media, having previously raced at Long Beach between 1976 and 1983.
However, race officials from Long Beach confirmed on Tuesday that the city council had voted unanimously in favour of keeping IndyCar and entering talks regarding a new long-term contract beyond the end of its current deal in 2018.
“We are delighted in the action of the Long Beach City Council this evening in voting unanimously to authorise city management to enter into a new long-term agreement with the Grand Prix association starting in 2019,” said Jim Michaelian, president and CEO of the Grand Prix Association of Long Beach.
“That means that there will be a continuation of the Verizon IndyCar Series as well as all of the accompanying events that have become such an attractive part of the Toyota Grand Prix of Long Beach weekend for many years to come.
“We also want to thank the city staff for the meticulous way in which they evaluated the various options that were submitted.
“The Grand Prix Association has been an integral part of the fabric of the Long Beach community for 43 years and we look forward to continuing that relationship into the future.”