Austin will be “amazing”, says Hellmund

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United States Grand Prix promoter Tavo Hellmund has promised the track being built in Austin for the 2012 race will be “amazing”. Speaking in an interview with Bernie Ecclestone on F1.com Hellmund said: I have conveyed my ideas to Hermann Tilke and Peter Wahl who are the most established racetrack architects of our times. The … Continue reading Austin will be “amazing”, says Hellmund

Ecclestone’s escalator no worry for US GP

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Texas Comptroller of Public Account Susan Combs said she is not concerned by the expected annual increase in the cost of hosting the United States Grand Prix. Bernie Ecclestone typically increases race hosting fees by seven to ten percent per year – known as his ‘escalator’ – but Combs told the Austin American Statesman that … Continue reading Ecclestone’s escalator no worry for US GP

Texas state paying $25m for 2012 F1 race

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Bernie Ecclestone is charging $25m (17m / ??20.29m) for the first United States Grand Prix in 2012 Local newspaper the Austin American-Statesman claims the local government is putting forward the money for the race. The money comes from a pot used to fund major sporting events such as the Super Bowl. The race promoters intend … Continue reading Texas state paying $25m for 2012 F1 race

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