The Interlagos circuit in Sao Paulo, which currently plays host to the Brazilian Grand Prix, will be privatised according to new city mayor Joao Doria Jr.
The circuit, which first debuted on the Formula 1 calendar in 1973 and has been a feature every year since bar a ten-year period when Rio di Janerio's Jacarepagua played host, has relied on state funding to finance the grand prix.
That looks set to change, with Doria Jr. telling Brazil's Globo TV that funds used for the race would be diverted elsewhere and the circuit sold off.
"We will maintain the Interlagos Park, which will still be open to general public," he said. "We'll do some improvements on safety and access.
"But we'll privatise the circuit and kart circuit. The amount previously committed to the circuit will be relocated in areas such as health services and education.
"We want to maintain Formula 1 and other activities there, and also bring other events. But a private company will lead the management and investments, not the state."
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