JustSomeDude
Wed Nov 16th, 2011, 07:15 PM
WTF....
Plans for a new Formula One race next year on the outskirts of Austin, Texas, appear to be in trouble Tuesday.
Construction had started on a $300-million complex called Circuit of the Americas to hold the United States Grand Prix on Nov. 18, 2012.
It would have marked the international racing series' return to the U.S. market after a five-year absence. There also were plans for the track to host a MotoGP motorcycle race.
But the group building the track said Tuesday that it suspended construction because a contract assuring that the race would be held there had not been signed. A statement issued by the group did not say who or what was causing the problem.
"We have spent tremendous resources preparing for the Formula One and MotoGP championship races, but the failure to deliver race contracts gives us great concern," Bobby Epstein, a founding partner of the venue, said in a statement.
http://latimesblogs.latimes.com/sports_blog/2011/11/formula-one-f1-circuit-americas-austin-new-jersey.html
More: http://www.youtube.com/watch?v=HbRfmV6DBhA (video)
And more: http://www.autoweek.com/article/20111116/FREE/111119900
Plans for a new Formula One race next year on the outskirts of Austin, Texas, appear to be in trouble Tuesday.
Construction had started on a $300-million complex called Circuit of the Americas to hold the United States Grand Prix on Nov. 18, 2012.
It would have marked the international racing series' return to the U.S. market after a five-year absence. There also were plans for the track to host a MotoGP motorcycle race.
But the group building the track said Tuesday that it suspended construction because a contract assuring that the race would be held there had not been signed. A statement issued by the group did not say who or what was causing the problem.
"We have spent tremendous resources preparing for the Formula One and MotoGP championship races, but the failure to deliver race contracts gives us great concern," Bobby Epstein, a founding partner of the venue, said in a statement.
http://latimesblogs.latimes.com/sports_blog/2011/11/formula-one-f1-circuit-americas-austin-new-jersey.html
More: http://www.youtube.com/watch?v=HbRfmV6DBhA (video)
And more: http://www.autoweek.com/article/20111116/FREE/111119900