Posted Oct 11, 2011, 3:39 PM
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Resident Moron
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Join Date: Feb 2003
Location: New York, NY
Posts: 2,320
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Companies are not going to move their HQ to Austin because F1 has come to town. That is just stupid, and I say that as someone who has been watching F1 since I was knee high to nothing.
F1 is huge for the economy, F1 is going to bring a lot of very high end retail downtown and may be the kick in the pants the city needs to get a damned train going from the airport to the track and downtown at some point.
It is going to bring in a lot of nice hotels downtown and some better restaraunts to the city and higher end nightclubs. It may even transform dirty 6th over time into something a bit more upscale.
The additional revenue may lead to infastructure improvements, mass transit, etc over time.
The race is going to be great for the city, and may spur it to make improvements that make it more desirable for large companies to open offices here. It is not, however, going to make Sears move here because the CEO goes to a race in Austin and thinks it's cool.
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