- 14 Dec 10, 23:06#230613Press Releases
December 14, 2010
Austin Commercial Selected as General Contractor for
Formula 1 United States™ Facility
Austin Commercial Joins Formula 1 United States™ Team to Work on World-Class Racetrack Venue
Austin, TX – Formula 1 United States™ developers announced that Austin Commercial, a subsidiary of Austin Industries and one of the largest construction companies in Texas that specializes in civil, commercial and industrial construction, has been selected as the general contractor for the Austin racetrack venue. Austin Commercial joins the local and international team assembled for the construction of the world–class, multipurpose facility in Austin, TX, that will be home to the 2012 Formula 1 United States Grand Prix™.
Austin Commercial, one of the largest general contractors in Austin, has an established presence within the Austin community with offices in place for over 25 years. As the general contractor for this racetrack, Austin Commercial will be responsible for the day–to–day oversight of the construction site and management of vendors and subcontractors which will account for as much as 95% of the overall contract value. Austin Commercial is a 100% employee–owned construction management/general contracting company with project experience that includes corporate headquarters, sports venues – arenas, race tracks, ball parks and recreation centers – health care, aviation, schools and universities and advanced technology.
“During this selection process we were fortunate to have the opportunity to work with many of the nation’s leading general contracting firms which made this a difficult decision. In the end, the depth of Austin Commercial’s local experience, diversity inclusion program and under–promise over–deliver record made them a solid choice,” said Tavo Hellmund, chairman of the Formula 1 United States Grand Prix. “We are pleased that Austin Commercial has joined the construction team and are confident that their years of general contracting expertise will ensure we continue to stay on track for the first event in 2012,” he said.
Austin Commercial is credited with a wide range of premier construction projects within the city that include the recently opened W Hotel Austin, CarrAmerica office tower in Austin’s Central Business District, AMD Lone Star Campus, Four Seasons San Jacinto Center, The Long Center and the Motorola Campus at Parmer Lane in Austin. In addition, Austin Commercial was selected as construction manager/general contractor to provide preconstruction and construction management services for the American Airlines Center multipurpose arena located in Dallas, TX.
”We are honored to be on board and to be a part of such an exciting and unique opportunity,” said William McAdoo, senior vice president and general partner of Austin Commercial. “This facility is sure to be a world–class venue that will draw visitors from around the globe and we are excited to be part of the Formula 1 United States team as we work together to make history by constructing the first purpose–built Formula 1 track in the United States,” he said.
Austin Industries and its operating companies support diversity and are dedicated to growing multiple Minority/Women Business Enterprise (M/WBE) firms. Austin Industries has developed an award-winning mentoring program for minority– and women–owned vendors and subcontractors that teaches businesses how to work with Austin Industries, provides best practices information and offers networking opportunities with other business service providers. Austin Commercial enters into joint ventures and partnerships with M/WBE firms and encourages minority purchasing by prime subcontractors and vendors.
Slated to host its first event in 2012, this much–anticipated Grand Prix facility will provide a fully–integrated architectural and entertainment experience for both event participants and visitors. The surrounding landscape of the 3.4–mile circuit allows for maximum elevation changes and a combination of more than 20 turns. Drivers and fans will have the opportunity to enjoy views of the scenic hill country at this state–of–the–art facility that will hold 120,000 fans. The conceptual master plan features additional visitor attractions including a proposed driving/riding experience and seminar building, motorsports driving club, kart track and welcome center.
About Austin Commercial
Austin Commercial is a subsidiary of Texas-based Austin Industries. Founded in 1918, Austin Industries is one of the nation's largest, most diversified construction companies. With a workforce of more than 5,000 employee-owners, Austin Commercial is an international business serving customers in nearly every industry segment. Landmark projects include the American Airlines Center, DFW International Airport, AMD Lonestar Campus, Federal Reserve Bank, the Long Center for the Performing Arts and the W Hotel Austin.
"Sanity and happiness are an impossible combination".
Mark Twain
Le coeur a ses raisons que la raison ne connaît point. 
I'll be there but on another note it looks to be 'cronic' don't ask me how I know 
.
.
