Caesars Palace is bidding farewell to its rotunda along the Strip, a move that will clear space ahead of this fall’s Formula One Las Vegas Grand Prix.

The Clark County Building Department issued a demolition permit last week for the domed, Roman-themed structure along Las Vegas Boulevard, records show. The permit is valued at $157,500.

Workers are slated to remove landscaping, obelisks and other features at the rotunda, filings with the county indicate.

Building plans also state, without providing additional details: “Demolition in preparation for F1 event.”

Located next to a driveway to the sprawling hotel-casino, the rotunda was still standing Tuesday afternoon.