Cafe Racer Forum banner

21 - 28 of 28 Posts

·
Registered
Joined
·
1,008 Posts
quote:Originally posted by mobways

Easy on the hackey sack reference. We kicked the hippies out a long time ago.They can't afford Austin anymore after the rush of West coasters and North easterners moved in and raised the rent. There are tons of folks in the south central part of the country that would love to support road racing and Austin is a town that is well prepared for major crowds coming to town all year round.Tons of places to stay and great food everywhere. You can't knock NYC for being a great town but hotels are over priced and who wants to stay in New Jersey! Hopefully after a year or so AHRMA will get it together and come back to TEXAS and race at F1.
F1 money isn't made at the gate, or very little of it is. It's corp. money and no matter how nice Austin is it won't attract big corp "F1-style" money like NYC will.
 

·
Registered
Joined
·
13,809 Posts
i think they were predicting they would need 2x as many hotel rooms as they have in the austin area to accomodate the projected numbers.

the hope now is that someone will buy in and finish building the track that has all of the permitting, and legal bs out of the way. unless of course the asset gets tangled up in the pending suites some how. it may not be fia spec......but its got all the shit it needs to be finished.

i cant imagine the union bs that will go down in jersey for the gp there. should be an interesting environment to be in.

so....whos got a few mil to finish that track?
 

·
Registered
Joined
·
261 Posts
Discussion Starter #23
Like he said, there's a lot of money in Austin now. Problem is they've already got a couple of nice new private tracks (Harris Hill and The Austin Driveway) to play with their toys. You've got the once mighty Texas World Speedway 90 minutes away that needs some repairs but still has a decent infield. Plus two newer private road courses in Houston, and two more around Dallas. None of those are world class, but they more than satisfy the needs right now. If they can't get F1 I don't see that track being built.
 

·
Registered
Joined
·
13,809 Posts
what do you mean private? like autoclub private? id guess many of them are not usable for motorcycle racing as well.

seems like it could be a sitting duck for an investor who wants a track. seems like there is plenty of $$ around it too.

still a ton of posturing going on.
 

·
Registered
Joined
·
261 Posts
Discussion Starter #25
Yeah, private as in funded by memberships. Most of them rent out certain weekends for club racing and track days and it works out pretty well.

Red McCombs is already balls deep in this track and I'm sure he could write a check today to finish it off. I hope they do pull it together and make it attractive financially for someone like him.
 

·
Registered
Joined
·
261 Posts
Discussion Starter #26
good news...

quote:Associated Press

PARIS -- The U.S. Grand Prix has been included on the 2012 Formula One calendar, ending fears the race in Austin, Texas, would be cut for financial reasons.

The sport's governing body said Wednesday on its website that the 2012 "calendar was confirmed as previously published." The unchanged F1 calendar was approved at a World Motor Sport Council meeting in New Delhi, India.

The Nov. 18 event in Austin will mark F1's return to the United States for the first time since 2007.

Last week, F1 boss Bernie Ecclestone gave U.S. GP organizers an extra week to save the Texas race by proving they had the necessary finances in place.

Backers of the race include billionaire businessman Red McCombs, a founding partner of event organizer Circuit of The Americas.

"Mr. Ecclestone received his check today," McCombs said in a statement Wednesday. "We want to thank the fans supporting us, the local officials and businesses that have encouraged us, the State of Texas, Circuit of The Americas' staff and Bernie himself."

Circuit of the Americas officials had pledged to pay F1's sanctioning fee, but a dispute over signing a final contract and the long-term financing had not yet been resolved, prompting Ecclestone to extend the deadline.

The initial dispute was caused by F1's decision to scrap a previous contract it had with Tavo Hellmund, a former driver with family ties to Ecclestone who was originally granted the right to stage the U.S. Grand Prix.

The deal with Hellmund was recently canceled over a contract breach, and F1 officials instead began negotiating with Circuit of the Americas.

"We're glad that Tavo's vision of bringing F1 to the people of Texas will become a reality," said Bobby Epstein, also a Circuit of The Americas founding partner.

F1's presence in the U.S. will increase in 2013, the first year in a 10-year deal that will put a race in New Jersey along the Hudson River waterfront across from Manhattan.

The FIA's ratification of the 20 races also means that the Bahrain Grand Prix is scheduled as the fourth race of the season on April 22.

The 2011 race in Bahrain was supposed to be the season opener in March, but was called off amid violent anti-government protests. FIA wanted to reschedule the race for later this year but that proved impossible.
 

·
Registered
Joined
·
10,492 Posts
good to hear that they decided to pay up
 

·
Registered
Joined
·
1,008 Posts
I get the feeling McCombs wrote a check just to save face. My guess is he can kiss that money goodbye and it'll be a short lived run of F1 in Texas. F1 races are struggling all over the world and the economy isn't going to drastically improve anytime soon which means they will continue to lose money. Bernie gets his cash regardless of how well the venue does. They're adding more races which means the money is being spread too thin amongst sponsors etc.... there's only so much money the "world" will spend on F1, adding more races won't increase money spent on F1, it'll only make Bernie richer.

Nonetheless it's good to hear they seem to have kept things moving and there is potential.
 
21 - 28 of 28 Posts
Top