Circuit of the Americas Development Updates - Page 84

electricron · #1 Posted **Nov 13, 2015, 12:51 AM**

Quote:

Originally Posted by the Genral

Mayor Adler, who knows Austin stands to lose a bunch, monetary and notoriety, is looking into ways to keep the 2016 on track, pun intended. It isn't over yet. The COTA situation did get mention on the Fox News webpage. I have a feeling this will be settled in the courts one way or another. Pretty sure citizens of Austin and the city itself will not pony up the difference.

COTA needs to find an American corporate sponsor to host the race to make up for the shortfalls. All the bowl games, all the pro leagues, and just about all the other sports elegible for this state funding have done so. I believed I stated COTA shouldn't rely solely on state funding to host the race years ago, and I still believe so.

drummer · #2 Posted **Nov 13, 2015, 1:39 AM**

DELL Circuit of the Americas
AT&T Circuit of the Americas
American Airlines Circuit of the Americas

Just trying to get used to it, I guess.

hookem · #3 Posted **Nov 13, 2015, 1:46 AM**

Quote:

Originally Posted by drummer

DELL Circuit of the Americas
AT&T Circuit of the Americas
American Airlines Circuit of the Americas

Just trying to get used to it, I guess.

I think this has been tried. F1 gets most of the corporate money sponsorships, anyway, for track signage and anything visible on the TV broadcast. So there wouldn't be much left for COTA to use towards the sanctioning fee. They could sell the circuit naming rights, but that would probably be all, and it wouldn't be nearly enough.

I believe all F1 races receive government money, except for Monaco which they have historically not charged a sanctioning fee. The proposed New Jersey race was supposed to have private money covering the sanctioning fee (and a better deal than $25M/year), but you can see how far that got.

jbssfelix · #4 Posted **Nov 13, 2015, 2:31 PM**

Quote:

Originally Posted by hookem

I think this has been tried. F1 gets most of the corporate money sponsorships, anyway, for track signage and anything visible on the TV broadcast. So there wouldn't be much left for COTA to use towards the sanctioning fee. They could sell the circuit naming rights, but that would probably be all, and it wouldn't be nearly enough.

I believe all F1 races receive government money, except for Monaco which they have historically not charged a sanctioning fee. The proposed New Jersey race was supposed to have private money covering the sanctioning fee (and a better deal than $25M/year), but you can see how far that got.

Actually, I'm pretty sure this isn't even allowed with F1. You're required to use all the F1 title sponsors (Pirelli, Emirates, Rolex, DHL, etc) I believe. Could be wrong.

The ATX · #5 Posted **Nov 13, 2015, 2:54 PM**

Here's a decent article by Forbes (I can't believe I typed that.) that explains how F1 basically chokes the financial life out of race organizers/tracks. This would be why races in general don't seem to last at the same location for long periods of time.

http://www.forbes.com/sites/csylt/2015/1...could-play-into-race-track-owners-hands/

hookem · #6 Posted **Nov 13, 2015, 7:30 PM**

Petition - https://www.change.org/p/greg-abbott-sav...er&utm_campaign=share_twitter_responsive

Twitter hashtag #SaveCOTA

electricron · #7 Posted **Nov 14, 2015, 7:25 AM**

Quote:

Originally Posted by jbssfelix

Actually, I'm pretty sure this isn't even allowed with F1. You're required to use all the F1 title sponsors (Pirelli, Emirates, Rolex, DHL, etc) I believe. Could be wrong.

Well, where are the American based corporate sponsors that could support both F1 and COTA?

There are reasons why F1 has been dropping tracks forever. Why did the France, Netherlands, Germany, and previous US Gran Prix disappear from the F1 schedule? There's even talk that Monza may be dropped soon. The simple answer is that the race event doesn't pay of itself.

We vs us · #8 Posted **Nov 17, 2015, 11:09 PM**

The saga continues . . .

Circuit hasn’t paid F1 hosting fees, is given extra time

http://www.mystatesman.com/news/sports/m...d-f1-hosting-fees-is-given-extra-/npPyQ/

Interesting to note:

"Meanwhile, Ecclestone has said he is looking at alternative venues in the United States and is considering a race in California. He also has a reserve plan as a Grand Prix in the oil-rich nation of Azerbaijan will debut in 2016. So even if there is no Grand Prix in the United States next year, F1 will not be down a race."

First time for Ecclestone to let alternate venues drop publicly, I believe . . .

Tech House · #9 Posted **Nov 18, 2015, 12:53 AM**

Quote:

Originally Posted by We vs us

He also has a reserve plan as a Grand Prix in the oil-rich nation of Azerbaijan will debut in 2016. So even if there is no Grand Prix in the United States next year, F1 will not be down a race."

Azerbaijan and F1 are a perfect match --- pretentious, ostentatious, and myopic.

The ATX · #10 Posted **Dec 11, 2015, 7:51 AM**

Some good news for fans of Austin's F1 race. The CC voted to support additional state incentives for the race. I don't know why four of the CC members would vote against it. It's state money that would otherwise go to another city. Also, Bernie apparently said the Austin race is a go for 2016.

http://www.bizjournals.com/austin/news/2015/12/10/austin-council-signs-off-on-cota-incentives.html

Spaceman · #11 Posted **Dec 11, 2015, 4:50 PM**

Quote:

Originally Posted by Tech House

Azerbaijan and F1 are a perfect match --- pretentious, ostentatious, and myopic.

Wow, three things I like!!!

Spaceman · #12 Posted **Jan 12, 2016, 2:10 AM**

Quote:

Originally Posted by Spaceman

Wow, three things I like!!!

The "Hatesman" continues to report bad news on COTA..Since this rag is now printed in SA and Houston should I be suspicious about the editorial content and the anti-Austin bias. It seems the AAS prefers the unwashed ACL crowd to the affluent F1 fans.

The ATX · #13 Posted **Mar 9, 2016, 4:49 PM**

The race is on! Taylor Swift will be the musical guest, and COTA is making some changes to the parking and lowering prices.

JoninATX · #14 Posted **Mar 22, 2016, 10:55 PM**

I'm quite sadden and disappointed how The XGames handle it. As a fan of extreme sports this is quite a let down do to the fact that they can't keep true to thier word. But I am however relieved that they will be staying in Austin this year. In which I may decide to go.

the Genral · #15 Posted **Mar 22, 2016, 11:06 PM**

They're better off being like an annual traveling carnival anyway. It broadens their fan base taking it to different cities, and before there's an appreciable decline in attendance, move on. Can't say I'll miss it, but it would be cool if they held the event at different cities and put those cities on rotation so eventually they would return. Regardless, new events keep popping up, like the World Golf Championships Dell Match Play at the Austin Country Club. Huge event with a huge audience, and this one is sold out for the 5 day event.
I do think its critical that F1 races annually at COTA for many more years, because that's why there is a COTA, but if that goes away, they can always file for bankruptcy, tear up the track and re purpose the track as an amusement park or another Mueller.

F1 Tommy · #16 Posted **Aug 2, 2017, 2:36 PM**

Well they just lost another race, IMSA. Everyone who I have talked to that went last year said it was the worst IMSA race they have ever attended due to 1 food stand being open and the temps being in the 90's. I think this track needs new management.

KevinFromTexas · #17 Posted **Oct 26, 2017, 3:41 PM**

Has anyone been to the 360 Amphitheatre? Where is the best place to park? My brother got free tickets from someone to see Chris Stapleton there tonight.

clubtokyo · #18 Posted **Oct 26, 2017, 4:11 PM**

Quote:

Originally Posted by KevinFromTexas

Has anyone been to the 360 Amphitheatre? Where is the best place to park? My brother got free tickets from someone to see Chris Stapleton there tonight.

I have, it was a nice experience. We took uber. Enjoy!

urbancore · #19 Posted **Oct 26, 2017, 6:16 PM**

Quote:

Originally Posted by KevinFromTexas

Has anyone been to the 360 Amphitheatre? Where is the best place to park? My brother got free tickets from someone to see Chris Stapleton there tonight.

I've seen a handful of shows there. It's pretty easy. I drive each time and there are NO parking issues at all...zero. Those shows should have no more than 10,000 or so...and COTA has got that down pat.

Austinites are spoiled and think if they can't park in the front row or if they had to slow down or God forbid stop for a second, that traffic is terrible.

I would never have gone down there for that Fireworks show, I knew that was going to be a shit show....cuz it was a free for all. For events, they have cops on the street and professional parking crew in the venue keeping everyone moving.

Have fun, that will be a great show.

odelayjb · #20 Posted **Oct 26, 2017, 7:23 PM**

Quote:

Originally Posted by KevinFromTexas

Has anyone been to the 360 Amphitheatre? Where is the best place to park? My brother got free tickets from someone to see Chris Stapleton there tonight.

I attended my first concert at 360 Ampitheatre last month (Depeche Mode). Parking was easy. And you can either opt to walk from lots to the venue (a bit of a trek), or take one of the free trams, which is what we did on the way to the show.

Enjoy. We are now looking forward to next show there, which is on Halloween for LCD Soundsystem.