|10-Year Race Contract Brings F1 Back to the U.S. in 2012; Construction to Resume Immediately
AUSTIN, Texas – December 7, 2011
Circuit of The Americas has announced that they have reached an agreement with Formula One Management that ensures the Formula 1 United States Grand Prix remains on the FIA Formula 1 World Championship race calendar for 2012 and beyond.
Red McCombs, Chairman of McCombs Enterprises and Founding Partner of Circuit of The Americas stated, “Mr. Ecclestone received his check today. We want to thank the fans supporting us, the local officials and businesses that have encouraged us, the State of Texas, Circuit of The Americas’ staff and Bernie himself. I want to thank and commend Bobby Epstein for getting us across the finish line. Bobby’s perseverance and leadership kept the project on track despite unfair and unfounded criticism.”
“Our investors have believed all along that this project has tremendous benefit for our region, and provides a strong economic engine for the future,” stated Epstein, founding partner of Circuit of The Americas. We remain committed to reaching our goal of being valuable community partners as we establish a platform for sports and entertainment. We’re glad that Tavo’s vision of bringing F1 to the people of Texas will become a reality.”
Engineering and construction on the circuit and facilities has now resumed, ensuring completion for the 2012 race date.
“We have a substantial number of fans who have expressed interest in buying tickets and hospitality, so today is a win for all of them as much as it is for Circuit of The Americas,” said Steve Sexton, president of Circuit of The Americas. “We encourage everyone to visit our website and register for information. Registered fans will receive the first communication regarding ticket sales plans. In a matter of weeks we will have more exciting news as we unveil our full calendar of world class events.”
About Circuit of The Americas
Circuit of The Americas will be a world-class destination for performance, education and business. It will be the first purpose-built Formula 1 Grand Prix facility in the United States designed for any and all classes of racing, from motor power to human power.
The master plan for Circuit of The Americas features a variety of permanent structures designed for business, education, entertainment and race use. Its signature element will be a 3.4-mile (5.5-km) circuit track. Other support buildings will include a medical facility, 14 executive meeting suites, a conference center, and a banquet hall, as well as an expansive outdoor live music space. Future proposed amenities include a driving/riding experience, a motorsports driving club, kart track, grand plaza event center and tower, and a trackside recreational vehicle park.
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