# Buenos Aires Targets Five-Year Formula 1 Return Contract City officials meet with F1 leadership to discuss track upgrades and long-term hosting. - **Source:** [Olé](https://www.ole.com.ar) - **Published:** 2026-11-06 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/f99b11f0-9f68-44ab-a36d-d35b5b8ae42e ## High-Level Negotiations Begin Buenos Aires Mayor Jorge Macri met with Formula 1 CEO Stefano Domenicali in São Paulo to discuss the return of the Grand Prix to the Gálvez circuit. The city aims to secure a minimum five-year contract, signaling a serious commitment to re-establishing Argentina as a major venue on the global racing calendar. ## Strategic Timeline Considerations While no firm date is set, discussions center on the 2029 or 2030 seasons. Mayor Macri emphasized caution regarding public expectations, though he noted the city would be prepared to step in earlier if unforeseen global events necessitate changes to the existing F1 calendar, such as potential disruptions in the Middle East. ## Infrastructure Upgrade Requirements The city is currently executing a comprehensive renovation of the Gálvez autodrome to meet modern F1 standards. This project includes significant modifications to the track layout, paddock facilities, and safety protocols. Work is reportedly progressing slightly ahead of schedule to mitigate any potential weather-related delays during the upcoming summer construction season. ## Financial Feasibility Challenges Securing a long-term F1 contract requires a robust financial structure, which remains a primary hurdle for Buenos Aires. Mayor Macri acknowledged the intense competition from wealthier nations but expressed confidence in the city’s ability to present a sustainable proposal that provides the certainty required by Liberty Media for such a long-term commitment. ## Building Institutional Consensus Mayor Macri stressed that the return of Formula 1 must be treated as a state policy rather than a project tied to a single administration. By aiming for a long-term agreement, the government seeks to ensure the initiative survives beyond his current term, which concludes in December 2027, fostering lasting economic stability. ## Leveraging Motorsport Momentum The current rise of Argentine driver Franco Colapinto has increased local interest, though officials maintain the project must be built on structural foundations rather than individual athletes. The city plans to use the upcoming MotoGP event as a critical proof-of-concept to demonstrate its organizational capacity to Liberty Media, which manages both series. ## Technical and Legal Collaboration Following the initial meeting, the next phase involves intensive cooperation between technical, financial, and legal teams from both sides. No new specific requirements were issued by F1 leadership; instead, both parties agreed to continue the ongoing work. The focus remains on achieving concrete milestones before any formal agreement is finalized. ## Long-Term Strategic Outlook The path to hosting a Grand Prix remains complex, requiring sustained investment and diplomatic effort. By March, the city hopes to reach a clearer understanding regarding future dates. Success depends on balancing the passion of Argentine fans with the rigorous financial and safety demands imposed by the global Formula 1 organization. ## Sources covering this story - https://www.ole.com.ar/autos/jorge-macri-formula1-argentina-stefano-domenicali-san-pablo-jorgemacri-stefanodomenicali-formula1-autodromogalvez-francocolapinto_0_r9MqQjg8mJ.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._