The track will weave through the former World Cup ‘Green Point’ Stadium, which will provide a plenty of spectator seats! A street circuit is more economically viable than a purpose built track.
While it would make F1 a truly world championship (again) I’m not sure a new street circuit is the best idea… unless it’s a straight swap for Valencia then where are they going to fit it into the calender?
“A street circuit is more economically viable than a purpose built track”
I’m not entirely sure about that. I bet street circuits cost loads of money ever year to prepare for a race, they can only be used once, and presumably they have to reach settlements with local businesses to compensate for the disruption they cause. Also, in the case of this circuit, it would cost a load of money to adapt the Green Point stadium to route a circuit through it.
A well run permanent circuit on the other hand might prove expensive to build, but from then on it can’t cost too much to maintain, and if well managed could earn a fair bit of money over the course of a season from motorsport and other uses. I don’t see why every permanent circuit needs to be a mega complex like Shanghai, Abu Dhabi and Bahrain are.