Austin GP/Minor Update | FerrariChat

Austin GP/Minor Update

Discussion in 'F1' started by WCH, Aug 4, 2010.

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  1. WCH

    WCH F1 Veteran
    Owner Rossa Subscribed

    Mar 16, 2003
    5,186
    #1 WCH, Aug 4, 2010
    Last edited: Aug 4, 2010
    Release of docs addressing hypothetical economic impact and other issues.

    Do we need a sticky for this subject?

    Excerpt:

    "Most of the 20 or so pages are devoted to singing the economic praises of F1’s impact on a host community. According to Full Throttle’s estimates, an F1 weekend in Texas would have a $300 million impact on the area every year. The number appears to be based on comparable figures for other F1 host cities, such as Melbourne and Bahrain. Some economists dispute the validity of such projections.

    The projections also include a dollar figure to build the track near Elroy, east of Austin-Bergstrom International Airport, that’s lower than previously reported: About $180 million. They also predict the construction project will attract 1,500-plus workers. The documents show that Hellmund estimates another 1,200 temporary workers would be hired over Formula One race weekends; and that 40 workers would staff the track year-round."



    http://www.statesman.com/blogs/content/shared-gen/blogs/austin/racing/entries/2010/08/04/a_twisty_track_in_east_austin.html
     

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