Getty Images/Getty Images
It emerged this week that F1 could return to Long Beach, California, after a break of more than 20 years.
The Grand Prix of Long Beach was first held in 1975 as a Formula 5000 race. F1 first visited the following year, with the event given the title United States Grand Prix West.
F1 departed after the 1983 season, and CART took over. In recent years, an IndyCar race has been held at the venue.
Long Beach local authorities met this week to decide whether or not to invite bids from rival series when the IndyCar deal expires in 2015. No consensus was reached, and the city council will revisit the issue at a later date.
But don't hold your breath just yet.
This one goes back to April 2013, when Bernie Ecclestone told ESPN he had spoken to the Long Beach race organisers about an F1 return.
Discussions never went into the finer details. If they had, one huge problem would have been high on the agenda.
Massive changes would have to be made to the circuit and facilities to get them up to F1 standard. The expense would be enormous and private investment would almost certainly be needed.
In addition, the F1 sanctioning fee (the amount race organisers must pay to host a race) would be significantly higher than the fee IndyCar charges—which is just $2 million, per Eurosport. Unless Bernie cuts them a deal, this might prove off-putting.
The council meeting regarding the contract does indeed raise the possibility of a return but for now it's still very much up in the air.
More concrete talks are needed before we can start looking forward to another race in southern California.