The organisers behind the American GP set for 2012 in Austin, Texas, have finally revealed more information about the event.
In a press conference on Tuesday, the promoter, Tavo Hellmund, confirmed that the race will take place in the south-east of the city in an area previously known as Wandering Creek.
He believes the area is the perfect location, somewhere he and his team have been working on securing for over a year.
“I wanted to make sure that we were the best location for the United States Grand Prix,” Hellmund said at the conference.
“How you do that is by having the right location and the right connectivity – and the location is something we have been working on for at least a year and a half.”
Hellmund also confirmed that one of the races backers is a former Forbes 400 ranked millionaire. Red McCombs has previously owned basketball and American football teams as well as other business interests.
McCombs told the waiting media that hosting a Formula One race is an event on comparable size to the Super Bowl.
“Bringing Formula 1 back to the United States represents the opportunity of a lifetime and one that any city in the world would want.
“The size and scope of an F1 event is comparable to hosting a Super Bowl and will bring substantial economic benefit to Austin, San Antonio and the entire State of Texas.
“We know Tavo has a clear vision for developing Formula 1 into a major event with year-round opportunities. Over the past few years, he has built a solid business foundation and has assembled a great team – one we are proud to be part of. We are ready to roll-up our sleeves and work alongside Tavo to make this project a huge success.”
The organisers also launched their official website: www.formula1unitedstates.com
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