Not everyone can always be happy, no sooner then Miami had made strides on the world stage to host the Formula 1 Miami Grand Prix in the streets of Downtown Miami, had a group of 11 residents moved against the city. Some Downtown Miami residents have teamed up and sought legal council combatting the city hosting Ultra Music Festival in Downtown's Bayfront Park and the city's bid to bring a Formula 1 race to the streets of Downtown and PortMiami as early as October 2019. The residents, who live in 50 Biscayne and Epic, have sent a Cease and Desist letter to the city. The proposed 2.57-mile course would run through Downtown Miami's Biscayne Boulevard, American Airlines Arena and PortMiami. The letter alleges that both the Formula 1 Miami Grand Prix and "mega events" such as Ultra Music Festival and Rolling Loud Festival, all violate the City of Miami's noise ordinance, which in turn negatively affects the health of nearby residents and their property values.
Ultra Music Festival has garnered much attention for the city of Miami, helping aid to boost property values and tourism. If looking at cities such as Monaco, property values on the race course have been boosted by popularity and a condo-hotel such as Epic benefits greatly from major events in near proximity. The noise ordinance clause has been used against other Downtown venues including the nightclubs behind Marquis Residences, Ten Museum, One Thousand Musuem, 900 Biscayne and Marina Blue. The difference between the two cases is one targets events which bring millions of dollars of benefit to the city and its taxpayers, typically operating during the day, while the clubs in question operate at late night hours with resident complaints coming between the hours of 2 am and 6 am with private prosperity.
Ultra Music Festival was sold out in 2018 with a record-breaking attendance of 165,000 and over 30 million online streams. Ultra Music Festival is renegotiating their lease for hosting the festival in Bayfront Park, with Miami commissioners asking for rent to rise to $2 million. Ultra Music Festival currently pays around $1 million annually to host the festival at the site. Formula 1 does not yet have a deal in place, although city commissioners approved the race in a unanimous 5-0 vote in May 2018. Formula One has 500 million global fans and currently hosts 21 races across five continents which are broadcast to over 1.8 billion viewers. Hosting a Formula 1 Grand Prix's economic impact on Montreal is around $65 million and Formula 1 claims the Formula 1 Miami Grand Prix could produce over $700 million annually for the city. Set-up time could take up to 3 months while clean up would take 2-3 weeks. The city expects to be sued over the matter.