Circuit of the Americas Development Updates

[hookem]

Chances are those investors have probably lost too much of their net worth in the past couple of days to seriously pursue dumping tons of money into F1 sanctioning fees. Besides, Bernie has said in the past that he's done with private investors; F1 will only consider races where the governments are subsidizing it. Although, he has always said he wants a race in the NYC area.

Anyway, seems quite speculative right now. As evidenced by what is going on here, you need A LOT of things to fall into place just right for an F1 race to come. And the number 1 thing is a big wad of cash, non-refundable, paid a year or more in advance of a race. Not typically what a private investor would consider a "smart deal". After that, you've got to deal with local governments, some of which I guarantee will have their issues -- whether it is noise, traffic, closing streets, etc. They will need their slice of the pie too, their egos stroked, concessions made to them, etc.

What this speculation does indicate is that the buzz and excitement around the USGP in Austin is good right now... other cities are envying us and the expected benefits. They could just as easily be saying "whew, we really dodged a bullet by not getting involved in F1." But the current buzz is good.