This year the Texas state government is cutting its subsidy to organizers of the United States Grand Prix by over $5 million. Without it, F1 could end up leaving America.
United States Grand Prix
Racing fans looking forward to seeing a full grid of Formula One cars at the United States Grand Prix in Austin, Texas, next week may be disappointed to learn that two teams (for a total of four cars) will not be competing this year.
It is now official, coverage of Formula 1 in the US will now be seen on either NBC or NBC Sports Network, as Speed will conclude its 17-year run with Formula One at the end of this season. In a report from Autosport, we read that NBC Sports Group has signed on to bring American viewers F1 for the next four years. The financial details of the deal were not specified.
Just under 300 days separate us from the return of the United States Grand Prix. At least that's the idea, now that construction has resumed on the troubled Circuit of the Americas on the outskirts of Austin, Texas. But an encouraging sign is that race organizers have started gearing up to sell tickets.
Everything is bigger in Texas. So it's appropriate that the hubbub surrounding the imminent return of the United States Grand Prix to the Lonestar State should come down to a big last-minute deal.
If you were among those who thought that Formula One and Texas would go together like pickles and ice cream, well, you may be right. And you may not be terribly disappointed, either, by the latest news surrounding the United States Grand Prix.
After a five-year absence, the United States is set to gain two Formula One races within the next two years: one in Austin, Texas, and another in New Jersey. But recent comments vocalized by F1's ever-outspoken commercial chief Bernie Ecclestone have cast doubt on the former.
If you thought Formula One racing had a checkered history in America, well – you're right. Over the years, the United States Grand Prix has been held in more locations and has suffered from more hiatuses than a drug addicted musician's touring schedule. But a good portion of that drama has been played out in New York. Upstate, Watkins Glen hosted the United States Grand Prix for longer than any other single location, but the past few decades have also seen efforts to bring an F1 race to Ne
Finalizing the calendar for the Formula 1 World Championship can't be an easy task. Each race organizer has its own demands, as do the teams. The FIA has its say, and so does Formula 1 Management. Logistical considerations need to be taken into account, as well as projected weather conditions. So it strikes us as reasonable enough that the schedule should need to be tweaked and adjusted here and there. Now, after releasing the initial calendar back in June and receiving input in August for chang
Whether you're driving an F1 car or riding a superbike, getting around any racing circuit this side of the Nürburgring Nordschleife is a rather rapid affair. Which is more than we could say for building one – that bit takes some time. Together with the cash it takes to finance such a venture, that goes some way towards explaining why you don't see it happening every day. But that's what's going on as we speak in Austin, Texas.
Sitting outside for several hours under the beating sun in central Texas in June wouldn't exactly be what most would call their cup of tea... though you might feel like you were being steeped inside of one. That's why Formula One Management is set on moving next year's inaugural United States Grand Prix at the Circuit of the Americas to November.
Racing fans eager for the return of Formula One racing may recall a proposal last year that would have seen a United States Grand Prix run in New Jersey, just across the Hudson from the Manhattan skyline.
Unlikely though it may have seemed just a couple of years ago, Austin, Texas, has become the site of a battle between Formula One racing and economic development on the one hand, and government spending restrictions and fiscal responsibility on the other.
If you thought this year's 20-race calendar was already packed, next year's is set to surpass it with a massive 21-race schedule for the 2012 Formula One World Championship.
Austin's F1 track breaks ground – Click above to watch the video after the jump
Love it or hate it, the Formula One circus is heading to Austin, Texas. The reinstated United States Grand Prix is set to take place in the Lone Star capital city starting in 2012 and the annual event will surely infuse an added boost of tourism revenue into the Austin area. But just how much will the initiative cost Texas taxpayers?
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."
Formula One impresario Bernie Eccelstone wants to bring his series back to the United States, but he's apparently not keen on returning to Indy, site of the U.S. Grand Prix from 2000-2007. Instead, he hopes to stage the race in a big media market like New York City. While the idea of an F1 street course in Manhattan has surfaced repeatedly over the years, anyone familiar with the city will tell you the concept is clearly idiotic.