Any News on F1/Austin?

Find a comfy chair,...

http://www.ferrarichat.com/forum/showthread.php?t=289889

 

Sounds like the owners of COTA are trying to negotiate directly w/ Bernie, but no $25M from the State of Texas until after the race.

 

I heard that the track might be done, as in not going to open and they have already cancelled the 2013 F1 & Moto GP events.

Dont have any details as to why but that things are not going very well.
BUMMER!!!!!!!!!!

 

Since Tavo has the license for the race but no money to activate it-- he is out. COTA will have to renegotiate the contract with FOM but Bernie will probably try to extract an additional $10 million and that may not be possible. The State money will not be distributed until the race has occurred. So we shall see what the Bobbie and Bernie show has to offer in the next 7 days. If nothing has happened by then this deal is dead.

This is really a sad situation because the Austin F1 group had the Austin city council, the Austin business community, most of the people in Austin and Susan Combs in their camp and they may have blow the whole deal!

 

If this news is true I'm not sure who I should be pissed off at more for not helping this event/venue but when push comes to shove I usually place the blame on Bernies greedy a$$!!!

I'm officially PO'd now!!!

 

Sad news for the covenience store owner near the track who had a stereotype-reinforcing Force India poster on the wall behind the register.

 

The project as of this moment is dead. Construction on the track has stopped. The teams and sponsors still want a US race but it's looking like it'll be moved across the river from Manhattan to New Jersey.

 

Now that the second deadline has come and gone has anyone heard the final outcome? Were they able to ink a deal over the weekend?

 

Bernie gave them another week to reach an agreement. Final resolution wednesday

 

Check this.

Should we hope they're hauling it away because of rain, and the event not being scrapped?

EDIT-nevermind.

 

You don't offload equipment for rain..it's "done".

 

Welp. That was fun while it lasted.

Unfortunately it didn't seem like construction got far enough that finishing the track for amateur use is really feasible. I guess we'll see but I'm not hopeful.

Oh well.

 

Kind of getting our hopes up but, we'll see if this holds water soon enough
http://www.pitpass.com/45393-Exclusive-Austin-back-on-for-2012

 

Austin is on the 2012 calendar!

http://www.grandprix.com/ns/ns23802.html

 

All this posturing is hurting me....

Seriously, enough games!!!

 

Keep in mind, just like the Bahrain GP, there's the chance it won't happen.

 

It’s Official. The Race is On!
Thanks for hanging in there with us! Working for, and being fans of, a start-up organization that is building a major new facility is not always easy. Because of the complexity of the project, things don't always happen as quickly as we would all prefer.

In the end, the Formula 1 United States Grand Prix™ in Austin is a reality because everyone involved wanted to get it done for the benefit of Formula 1™ in the United States. Mr. Ecclestone, the F1 teams and their sponsors, our investors and the State of Texas – this event benefits all of us.

We are through the first series of challenges and now we get to the exciting part – finishing the construction of the Circuit of The Americas™, selling tickets to the 2012 Formula 1 United States Grand Prix and creating plans for an incredible fan experience.

Stay tuned! We will be making a lot of announcements over the next several weeks regarding our partnerships, ticket sales, event information and much more. We promise to keep you, our most committed fans, well informed as we move forward.

The 2012 Formula 1 United States Grand Prix is going to be a great event! We look forward to seeing you in Austin November 16-18, 2012.

Sincerely,
Geoff Moore
Chief Marketing and Sales Officer
Circuit of The Americas

--------------------------------------------------------------------------------

Construction is Back on Track
We’re ready to roll!

Engineering and construction teams are enthusiastic to resume work immediately. Our construction managers are confident that the circuit will be ready for the 2012 race date.

We will have over 300 workers back on site by the end of next week. Yesterday, equipment started making its way back to the construction site. We expect to have it all back on site by next week moving full speed ahead!

 

That's great to hear.

 

Finding a place to stay is becoming a bi*ch, I think I have found a couple of places though. Should find out tomorrow. Can not wait, I am extremely excited that its back on. Hopefully this stays on track!

 

I'm counting ($) on that