There has been no shortage of entrepreneurs over the last couple of decades hoping to play host to a Formula One race. But as many of them have discovered, hopping into bed with Bernie Ecclestone is a surefire way to prove Roger Penske's motorsports maxim: "The quickest way to make a small fortune in racing is to start with large fortune."

Tavo Hellmund and his team at Full Throttle Productions have some mighty big dreams for a new dedicated F1 race track in Austin, Texas. So far, however, they don't seem to have land, financing or much of anything else. The owners of the Donington Park track in England already had a track and more time to get ready to host the British Grand Prix and they still failed.

According to ESPN columnist Terry Blount, the $200-300 million estimate for the track seems very low compared to the $250 million spent on Texas Motor Speedway – a facility that was built 15 years ago. The odds of a brand-new track being ready for a race in Austin by 2012 seem pretty slim unless the cash starts flowing and the bulldozers start moving the dirt very soon. Now, a street course, on the other hand...

[Source: ESPN F1 | Image: JJWright85 via CC 2.0]