Formula One racing coming to Austin, Texas

UKMotorsports:

Formula One will return to the United States in 2012 with a 10-year deal for a race in the Texas state capital Austin, commercial supremo Bernie Ecclestone has announced.

"For the first time in the history of Formula One in the United States, a world-class facility will be purpose-built to host the event," the Briton told the F1 website.

Austin, the 15th largest city in the United States, will host the race until 2021.

"We are extremely honoured and proud to reach an agreement with the F1 commercial rights holder," said Tavo Hellmund, the managing partner of Austin-based race promoters Full Throttle Productions, LP.

"We have been diligently working together for several years to bring this great event to Austin, the state of Texas and back to the United States."

...


It will be interesting to see if they can outdraw a Longhorn football game. It is a sign of the vitality of the Texas economy that this major event is coming back to the US in Austin. The city and the sponsors are to be congratulated.

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