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ESPN Columnist: U.S. Grand Prix in Austin has a lot of hurdles

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."

Monticello Motor Club to host U.S. F1 race? Perhaps...

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.