F1 and Motorsport Forums
What's Burning? wrote:prisoners are executed?
http://www.ebaumsworld.com/video/watch/75986/" onclick="window.open(this.href);return false;
Le coeur a ses raisons que la raison ne connaît point. 
What's Burning? wrote:I love what's going on here. One of the richest men in Britain holds a race in the USA, the richest country in the world, and they make the government fork out with cash before the cars arrive and makes everyone richer!scotty wrote:He said richer not wiser.Stealthgate007 wrote:On of my richer friends is going to buy and RV, camp and then sell the RV after the race weekend..Can't you rent 'em?!?!
I read this summary of the issue from an ABC affiliate.Austin City Council members are getting an idea of how much it will cost the city to bring Formula 1 to Central Texas.
Council asked for a report on the economic impact. They want to know how much money the city could earn in tax revenue from visitors and what expenses will fall upon the city.
Race organizers are asking Austin to pay into the trust fund needed to bring the race to Central Texas. Already the State of Texas has agreed to pay out $25 million a year for the races. Austin is being asked to pay in as well.
Organizers say it's unclear how much money the city will contribute. It is dependent upon the new tax revenues that the race brings into Austin.
As an incentive, racing organizers have offered to pay the $4 million seed money for the first year of the race; that means Austin would not pay in to the trust fund until after the first Formula 1 race comes to the Circuit of the Americas track.
"There is no absolute amount known for the out-years. What is for sure, is that it is new money, created by the event that otherwise would not come to Austin," said Jeff Hagn, representing race organizers, "Until estimate com in after the 2012 race, the next deposit to engage the trust fund is an unknown number."
Organizers have said the city should earn all of that money back through new tax revenue comes directly from race week. However, city leaders are still wary. Among their concerns are how much extra it will cost to police the city during race week.
“The kinds of questions that the police department would need to know is: How big is the venue? How many people actually come to a specific event? That helps us plan in terms of how many officers we need to be prepared for or what kind of traffic issues,” said Assistant Chief David Carter of the Austin Police Department.
Organizers say Grand Prix race weekends can attract was many as 300,000 people -- most of them are visitors.
City leaders will go into executive session after getting an update on the expected economic impact.
Racing officials have projected a $400 million to $500 million economic impact each year. They say if a race fails to meet financial expectations, then the city would not be asked to pay any money to the state. They are hoping to have an answer from council by June 23.
bud wrote:V8 Supercars has announced from 2013 they will be holding a round here, hopefully the Americans will like the V8sClosed wheeled cars that turn in both directions - heresy I say, heresy!!
at Infineon and Watkins Glen. I would rather watch paint dry than watching Nascars going round a oval track.
nice one WB
What's Burning? wrote:Don't get too excited... this is phase two of the project.
What's Burning? wrote:Don't get too excited... this is phase two of the project.
Stealthgate007 wrote:There is a Rumor that the dates may change to later in the year, right before Brazil... I have a couple of different irons in the fire for lodgings including hotels and camping.. If anyone has any more new on this please post..Bernie's revised calendar proposes November 18th as the date for the US Grand Prix.
geetface9 wrote:WOOOOOOOOOOOT I just got the email about v8 supercars today as well!!!! Looks like houston and I are gonna become great friends with f1, moto gp, and v8 supercar races being held there. I live in az but I am moving to new orleans next month and I checked how far it is from houston and it's only about 5-6 hours driving timeYou keep writing Houston, but double check and make sure you don't go to the wrong city. The circuit is in
Austin.Denthúl wrote:Hmmm, Its not 101 degrees in November, but its iffy on rain... I would like to see a dry inaugural race, just to see what the track can do..Stealthgate007 wrote:There is a Rumor that the dates may change to later in the year, right before Brazil... I have a couple of different irons in the fire for lodgings including hotels and camping.. If anyone has any more new on this please post..Bernie's revised calendar proposes November 18th as the date for the US Grand Prix.
McLaren Racing opened its new state-of-the-art Rac[…]
Swap-in out addons, use only what you really need!
- By hass25