US GP in Austin Discussion and Speculation... | Page 69 | FerrariChat

US GP in Austin Discussion and Speculation...

Discussion in 'F1' started by Simon^2, Jul 5, 2010.

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?

Now that Austin is on the official FIA calendar, will the race really happen?

  1. Yes, it will happen.

  2. No, no way for construction to finish.

Multiple votes are allowed.
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Page 69 of 203
  1. VIZSLA

    VIZSLA Four Time F1 World Champ Owner

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    Its true that Bernie never intended to see Silverstone abandoned but he was willing to play hardball to get the improvements he wanted. Ask Donnington.
     
    VIZSLA, Jun 3, 2011
    #1701
  2. tifosi12

    tifosi12 Four Time F1 World Champ Lifetime Rossa Owner

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    And Silverstone is better for it
     
    tifosi12, Jun 3, 2011
    #1702
  3. VIZSLA

    VIZSLA Four Time F1 World Champ Owner

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    No doubt about that. Question is if COTA is Silverstone or Donnington?
    ;)
     
    VIZSLA, Jun 3, 2011
    #1703
  4. iamthesimpleone

    iamthesimpleone Formula 3

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    That's not much time. :(
     
    Last edited: Jun 3, 2011
    iamthesimpleone, Jun 3, 2011
    #1704
  5. iamthesimpleone

    iamthesimpleone Formula 3

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    newest time lapse video. may 1st to 31st

    [ame]http://www.youtube.com/watch?v=3QN9runMi9w[/ame]
     
    iamthesimpleone, Jun 3, 2011
    #1705
  6. ELP_JC

    ELP_JC Formula 3

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    Indeed. At Indy500, only 1st place celebrates. At least in F1 it's the top three. Hey, was it $2.7M for the driver only or for the team? Just curious.

    And going back to subject: When the hell will tickets be sold for Austin?
     
    Last edited: Jun 3, 2011
    ELP_JC, Jun 3, 2011
    #1706
  7. madmaxatl

    madmaxatl Formula Junior

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    madmaxatl, Jun 4, 2011
    #1707
  8. Simon^2

    Simon^2 F1 World Champ

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    True.

    But considering they only have 10 months to complete the project,... they have a LONG way to go.
     
    Simon^2, Jun 4, 2011
    #1708
  9. Etcetera

    Etcetera Two Time F1 World Champ Silver Subscribed

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    Funny, the result is the same if you play the video backwards.
     
    Etcetera, Jun 4, 2011
    #1709
  10. Simon^2

    Simon^2 F1 World Champ

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    Has Tavo commented publicly on the June 17 race date yet?
     
    Simon^2, Jun 4, 2011
    #1710
  11. Axecent

    Axecent Formula 3

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    Axecent, Jun 4, 2011
    #1711
  12. iamthesimpleone

    iamthesimpleone Formula 3

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    Bidding out the building finishes......Guess that means they'll be applying for permits on the structures soon :D

    The city tries to encourage contractors to award contracts to 'Minority Business Owners' on projects...

    I actually found that schedule on a site for a local Hispanic contractor association. They have since stopped posting the bid packages publicly on their site :(
     
    iamthesimpleone, Jun 4, 2011
    #1712
  13. Axecent

    Axecent Formula 3

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    Thus my title: FWIW
     
    Axecent, Jun 4, 2011
    #1713
  14. Denman_Honda

    Denman_Honda Karting

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    I think they will make it when I see June '11 time lapse include the green grainy night vision camera work ;)

    But I'm voting yes on naive and hopeful faith.
     
    Denman_Honda, Jun 5, 2011
    #1714
  15. iamthesimpleone

    iamthesimpleone Formula 3

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    Last edited by a moderator: Sep 7, 2017
    iamthesimpleone, Jun 5, 2011
    #1715
  16. BartonWorkman

    BartonWorkman F1 Veteran

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    The level of information on this project offered here
    is simply outstanding.

    Thanks to all those whom are keeping us updated.

    BHW
     
    Last edited: Jun 5, 2011
    BartonWorkman, Jun 5, 2011
    #1716
  17. tifosi12

    tifosi12 Four Time F1 World Champ Lifetime Rossa Owner

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    +1
     
    tifosi12, Jun 5, 2011
    #1717
  18. iamthesimpleone

    iamthesimpleone Formula 3

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    http://www.statesman.com/blogs/content/shared-gen/blogs/austin/racing/entries/2011/06/03/city_council_to_be_briefed_on.html?cxntfid=blogs_formula_austin
    Turns out they aren't going to request the county to pay the portion necessary to get the $25MM from the State, they're going to pay it out of pocket.

    A nice side effect of this Major Events Trust Fund thing is the State comptroller is actually going to determine the economic impact of the race after it's over to make sure they captured enough new taxes to cover the money put in :)
     
    iamthesimpleone, Jun 5, 2011
    #1718
  19. Simon^2

    Simon^2 F1 World Champ

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    I'm confused. $4M comes from the county and the other $21M comes from the state? So Tavo puts up the $4M for the county to get the $21 from the state? Do I have this right???

    Seems likely Tavo et al know they have a problem getting the votes to get the county to pony up $4M. Not surprising in todays times.

    The real question at this point becomes,... how much money does the Tavo Group have left? Seems safe to bet they $4M... but do they need the $21M to keep going?

    One thing for sure, in a $200-400M project,... $21M wont last long.
     
    Simon^2, Jun 6, 2011
    #1719
  20. iamthesimpleone

    iamthesimpleone Formula 3

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    The State matches local contributions at a ratio of 1:6.25.

    If they are getting $25MM from the State, that means Travis county would have to come up with $4MM to qualify for the full amount. Guess the promoters are going to pay this

    They can't use the money to build infrastructure. Only service debt, build temp facilities (like grandstands), and pay fees to a sanctioning body. So none of the State money is going to be used for construction.

    They have to wait till less than a year away from the event to apply for the $$, which from the schedule would put them applying for it next Thursday at the earliest.
     
    iamthesimpleone, Jun 6, 2011
    #1720
  21. iamthesimpleone

    iamthesimpleone Formula 3

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    iamthesimpleone, Jun 6, 2011
    #1721
  22. Schatten

    Schatten F1 World Champ Owner

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    Ben, that link doesn't work. Gotta be logged in...?!

    Here's a shot from today. Not mine, but a buddy of mine took a tour of the place with a car group today. I couldn't get out of the office to go.

    This is looking from turn 1.
    Image Unavailable, Please Login
     
    Last edited by a moderator: Sep 7, 2017
    Schatten, Jun 7, 2011
    #1722
  23. texasmr2

    texasmr2 Two Time F1 World Champ BANNED

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    Thanks Randy. Would it be too Nancy of me to say I'm getting alittle giddy lol?
     
    texasmr2, Jun 7, 2011
    #1723
  24. kraftwerk

    kraftwerk Two Time F1 World Champ

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    LOL :D, no offence to anyone I just found that funny.
     
    kraftwerk, Jun 7, 2011
    #1724
  25. Schatten

    Schatten F1 World Champ Owner

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    Not at all! I'm still stunned that F1 will be coming here. *crossing fingers*
    Image Unavailable, Please Login
     
    Last edited by a moderator: Sep 7, 2017
    Schatten, Jun 7, 2011
    #1725
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