This morning in U.S. officials from the 2012 US Grand Prix in Austin, Texas, made several important announcements, one of them was regarding the name that circuit will have, and yes as you might have guessed from the title, the Austin circuit will be named: “Circuit of the Americas”
The Austin, Texas, track that will play host to the 2012 Formula One United States Grand Prix and its 350-acre Texas site will accommodate an estimated race attendance of 120,000 guests, the project, which was announced on Tuesday has a price of $250 million and will employ some 1,300 people before its completion next year.
Sixteen Texas companies have already been involved with the construction.
"It is a big deal and we’re all so excited about it," said Texas businessman Red McCombs, the main investor behind the Austin F1 project. "We’re meeting the construction milestones."
The 2012 USGP marks the return of Formula One Grand Prix racing to the United States after a five-year hiatus.
The Hermann Tilke – designed circuit will take advantage of the site’s natural topography including dramatic elevation changes. The circuit features a total elevation change of 133 feet (40.5 meters), including a steep, uphill run into the hairpin Turn 1, which is expected to become the venue’s signature corner. The track will be raced in a uncommon counterclockwise direction. Assuming the work will be completed by then and the circuit will pass FIA inspections U.S. will have once more an Formula1 race on they soil. Another fact that’s worth mentioning is that the Austin event will be promoted by Full Throttle Productions, a company with involvement also in NASCAR. The ownership group for the new facility consists of McCombs, race promoter Tavo Hellmund and Texas businessman Bobby Epstein.
Info: SpeedTV.com
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