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Stephen M. Ross, owner of the stadium, had been trying to bring about the Miami Grand Prix for several years before being successful. Dolphins owner Stephen Ross privately funded the Miami Grand Prix, while Dolphins CEO Tom Garfinkel saw the vision through to give South Florida an F1 race annually through 2032.

The traditional formula used for calculating the number of laps is 305 (the minimum distance of a Grand Prix in km) divided by the length of one lap (in km). For example, the track at Spa is 7km long. 350 divided by 7 leaves us with 43.5 and rounded up, that sets the Belgian Grand Prix at 44 laps. Formula 1 race will last between 80 and 100 minutes from start to finish. This can be longer if there are many Safety Car periods, where the cars slow down, or red flags, which pauses the race. In the case of a red flag, the race is likely to last over 2 hours.