16.11.2011 12:51:51
- Carrageous
- Veteran
- Loc: Austin, TX , Vereinigte Staaten von Amerika
- Beiträge: 1197, Gallery
- Registriert: 05.09.2003
- Antwort auf: easy_rider911
Re: Tour of Circuit of the Americas
Just saw the same in the Austin paper. Doesn't look pretty. Everyone's pulling back.
Almost a year from a race premiere, Austin's $300 million project to bring international Formula One racing to the United States ground to an unexpected and perilous halt Tuesday.
Key investors in Circuit of the Americas said they are immediately and indefinitely suspending construction of the 3.4-mile racetrack just southeast of Austin, a move that idles about 300 workers.
Also, Texas Comptroller Susan Combs announced a change in plans to provide a $25 million a year in state financial incentives to the project, saying a first payment would not be made until after the initial F1 race is held as currently scheduled on Nov. 18, 2012. Previously, it was thought that the payment could be made at any point up to a year in advance of the race.
Circuit investors, including San Antonio billionaire Red McCombs and local businessman Bobby Epstein, said construction was halted because they have yet to obtain the rights for the F1 race from promoter Tavo Hellmund.
--
"I don't mean to brag, but I am really good at self-deprecation."