Would that not include everything that has been stated against the project too? No one here has a clue of what is going on, it's all speculation with no backing
I've said as much repeatedly. Logically the burden of proof is on those looking to establish a fact (the viability of the Austin facility).
Not quite. Just as in the case of USF1 we have the power of observation. We know the deadline and we know what it takes to get it done. And we can monitor how much progress is being made. In fact with USGP it is even easier than with USF1 as it is all in the open. I dont know much about construction but SRTMike's comparison pictures of Korea vs Austin with 1 year to go speaks volumes.
Although Mike's comparison is still not accurate. Many think the race will be in June, afyer Canada, but the October date with Brazil makes more sense. Which means Austin has at least 17 months to finish. Korea was not done until the last possible day, the fia has set a precedent and will give Austin the same leeway. This thing would never progress at the rate that many Internet know-it-alls expect, but it is progressing.
Seems the burden of proof would be on those to establish the un-viability of the project. Ya know, innocent until proven guilty.... And, there are posters on here who do have specific information, they just aren't the one's participating in the back and forth 'debating' The project seems to be progressing along just nicely. At what point do you start to think it's gonna work?? Maybe I'm just naive, but I don't see the point of sinking 30 to 40 million (rough guess on my part) so far, just hoping to attract investors.
Sorry but you have it backwards. Would you just hand over money to someone who said "trust me"? Or would you expect him to make his case before you signed the check? As far as the small ante goes its whats known as seed money or priming the pump. The fact is these guys have a deadline and are still soliciting investors.
Except that Tavo himself said they have to be ready in June. Also remember that the FIA wants to inspect the track several months before that. Granted that was waived in Korea but I wouldn't rely on that.
True, but I'm not handing over money, and from what i gather neither are you, so we just have to go by on what they tell us. And from what I gather, they aren't asking for money...... The only public mention of money I have ever heard, I was an article about $20 million dollars, which, I pointed out something about being a different corporate entity. This happened a little after I pointed out the fact that a friend of mine's brother came to Austin and put money down on a suite (has one in TMS as well) which, a very plausible explaination of that would be they set up a different entity to handle the suites area (makes sense).....
+1 This is a big part of the problem. "We will have concerts, other races, a trauma center, bike riding, a testing center", etc, etc. But I haven't heard how all or even any of those things are going to turn a profit. If there was a need for all of those things, then they would exist already in the local area. And if they do exist already, there is no proof that these new facilities will lure enough of that business away to be profitable. It's one thing to make a racetrack profitable. Add in 10 other businesses they are suggesting they will make profitable as well just adds to the massive doubt already surrounding this project. To me, it seems more like the shotgun approach - aka the "let's throw a ton of poop at the wall and see what stocks" method.
To reinforce what I just posted... if those things are needed there, then why have no other businesses sprung up to address those needs? Nobody knew of those needs before? The AustinGP guys are *such* sharp businessmen that they not only identified a need for an F1 track, but concert facilities, a trauma center, bike riding, etc? Is their plate really empty enough that they can develop multiple businesses, instead of just an F1 track?
How do you figure it's progressing nicely? You would honestly say that the progress thus far would be considered "nice progress"? Not deficient? Don't you think that if the organizers of the project had $500mm sitting in a bank account, that the current state of work on-site would be different than it is? As for the prior post about "at least 17 months to get done". Incorrect. They have at the very most 17 months to get it done, using every iota of leeway that exists - the race being as late as possible, the FIA ignoring inspection rules. They have at least 10 months, at most 17 months. And they still haven't even really done any work of note.
i am not familiar with the time table for construction projects, but i would think to go from nothing at all, to having the site leveling going on, in 7 or 8 months is actually VERY quickly. I've seen projects around Austin get hung up for YEARS, like, literally years, because people throw up a fight about it. on a side note: was trying to find out info about the land they purchased. From what i can tell, the assess valued of it was almost $$7 million, guess i was off a little in my guess of around 20......
The additional revenue streams may work out but at this point they seem like they're an afterthought devised to raise the lacking funds.
Remember, the guy in charge of excavating has been in the business for years, has a large interest in this track and is also on this forum.
How long did it take Tony George to add/renovate Indy to host the former USGP? Anyone know? Anyone know the price?
Only adds to my point that the people on this forum with the most knowledge are the one's keeping quiet about it......
Korea has some manufacturers that possibly 'grease palms'. Much in the same way GM backed Detroit GP. Ford helped, too. Not sure Austin has that.
20 million. It would be a lot more expensive to do that today, I'd bet 150% more to do the same things.
Now I get it. Austin will be the first faith based racing facility. If we all believe strongly enough it will happen.
Here's one even that can turn a profit. Electric Daisy Carnival, has been doing it for over a decade, recently got moved from LA to Las Vegas. It's a 3 day festival being held at the Las Vegas Motor Speedway. There are also other dates on the calendar in Orlando, Denver, Dallas, and Puerto Rico. There are estimates that over 2 million people visited the event last year in LA over the course of the weekend. That's a lot of money right there. www.ElectricDaisyCarnival.com Image Unavailable, Please Login
Why not get excited about it? It's a great opportunity to advance Formula 1 in America. Is it wrong of me to take someone at their word when they say this is what we're gonna do?? You would think, on an auto enthusiast website, I wouldn't be in the minority here, about this project.......*sigh*
While I really do admire your optimism I have to caution you about answering those E-Mails from Nigerian bankers
