Down in Texas, construction crews were hard at work building ‘America’s premier racing circuit,’ but work has been stopped on the Circuit of The Americas track due to flap over contracts for the Formula One Grand Prix race scheduled for the track.
“We’re suspending further construction of the project until a contract assuring the Formula 1 United States Grand Prix will be held at Circuit of The Americas in 2012 is complete,” said Bobby Epstein, a founding partner of CofA. “While construction at Circuit of The Americas has progressed as scheduled with over 300 workers at the construction site daily, all work will suspend immediately. The delivery of the Formula One Grand Prix race contract will allow construction operations to resume.”
According to Epstein, a tremendous amount of work and resources have gone into the track with the expectation that Formula One would race at the circuit in 2012.
- Circuit of the Americas
“We have spent tremendous resources preparing for the Formula One and MotoGP? Championship races, but the failure to deliver race contracts gives us great concern,” said Epstein.
“It is in the best interest of all parties to reach a timely resolution,” said Red McCombs, chairman of McCombs Enterprises and founding partner of Circuit of The Americas. “Local businesses, fans and the State of Texas are counting on us.”
MotoGP is scheduled to visit Texas in 2013 at the Circuit of the Americas a few miles from the state capital of Austin.
The planned $300-plus-million facility signed MotoGP and Formula One to 10-year contracts earlier this summer.
F-1 was set to make its inaugural stop at CotA next year, while the U.S. plays host to two rounds of the MotoGP World Championship: the Red Bull U.S. Grand Prix at Mazda Raceway Laguna Seca held in July and August?s Red Bull Indianapolis Grand Prix at Indianapolis Motor Speedway.
Laguna is signed to a three-year contract which runs through 2014 and the Indy venue saw the current contract ends this year.
Designed by Tilke GmbH of Aachen, Germany, the 20-turn Texas track is set on 350 acres and will be 3.4 miles in length with elevation changes of some 133 feet.
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