It appears the site of the Formula One track has been identified. This is the location that was speculated upon by the Statesman a few weeks back.
Quote:
Future F1 site revealed
Plot southeast of Austin no longer set for housing.
By Shonda Novak AMERICAN-STATESMAN STAFF
Organizers of the proposed Austin Formula One auto race plan to build the track on about 900 acres near Elroy in southeastern Travis County, according to one of the major land owners involved.
The organizers have called a news conference for 10 a.m. today to announce the site, a key financial backer and other details . The press event will include Tavo Hellmund, who has been working for more than two years to bring the high-profile race to Austin.
Most of the land was previously planned for a residential subdivision called Wandering Creek. It is land with rolling hills and a small lake, north of FM 812, south and west of Elroy Road and east of Texas 130....
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http://www.statesman.com/business/future-f1-site-revealed-825045.html
The location is in far SE Austin, south of the airport and just north and east of Tx130 and 45SE:
