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Formula One Returns to USA

by F1Fan on May 25, 2010

In a surprise announcement today the Formula One commercial rights holder announced that Formula one would be returning to the USA in 2012.

Even more of a surprise is the location, Austin Texas, not a city with an established world class motor racing circuit, but wait there’s more according to Bernie Ecclestone, President of the Formula One Group:

“For the first time in the history of Formula One in the United States, a world-class facility will be purpose-built to host the event. It was thirty years ago that the Formula 1 United States Grand Prix™ was last held on a purpose-built permanent road course circuit in Watkins Glen, NY (1961-1980), which enjoyed great success. Since then, Formula One has been hosted by Long Beach, Las Vegas, Detroit, Dallas and Phoenix all on temporary street circuits. Indianapolis joined the ranks of host cities in 2000 when they added a road course inside the famed oval. Lewis Hamilton won the last Formula 1 United States Grand Prix™ in 2007, signalling the end to eight years at Indianapolis Motor Speedway. This however, will be the first time a facility is constructed from the ground up specifically for Formula One in the US.”

Apparently the agreement for Austin Texas to host the Grand Prix runs from 2012 through 2021 and was made between Bernie Ecclestones company and Full Throttle Productions, LP an Austin, Texas, special events and sports production company who will be the United States Grand Prix promoter. Talking for Full Throttle Productions, Managing Partner Tavo Hellmund added:

“This is a case of the right timing in the right place. As many Americans know, Austin has earned a reputation as one of the ‘it’ cities in the United States. Austin features that rare combination of ideal geographic location and beauty. Its fine dining, world-renowned hospitality and excellent transportation infrastructure make Austin ideally suited to host and manage an event of this magnitude. Few cities if any in America could rival the connectivity of all the key elements needed for hosting a Formula 1 event as well as Austin. Now, many people around the world will have the opportunity to experience a world-class event, facility and city.”

To put this deal together took a lot of work and coordination and agreement between many parties including local and state polititians, in thanking the effort that everyone put forth Tavo Hellmund summed it up this way:

“It has been a shared vision and monumental task to reach this agreement. We realize that over the last 30 years there have been one or two missing pieces from the previous editions of the Formula 1 United States Grand Prix™. We have a tremendous opportunity at hand to do it right – to feature Austin as the backdrop and produce the Formula 1 United States Grand Prix™ as one of the great sporting events in the world,”

Now we just need an American Formula One Team to support.

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{ 1 comment… read it below or add one }

Conrad May 26, 2010 at 7:48 am

I’m in. Let’s go!

They are building a whole new facility in this economy? Where’s THAT money coming from? Amazing.

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