After a brief hiatus in construction to sort out some contract issues, The Circuit of the Americas is pleased to announced that Formula 1 Racing will officially return to the US in 2012. Construction will resume immediately as the Circuit of Americas and Formula One Management have agreed to a 10-year deal.
Red McCombs, chairman of McCombs Enterprises and founding partner of Circuit of The Americas stated:
"Mr. Ecclestone received his check today. We want to thank the fans supporting us, the local officials and businesses that have encouraged us, the State of Texas, Circuit of The Americas' staff and Bernie himself. I want to thank and commend Bobby Epstein for getting us across the finish line. Bobby's perseverance and leadership kept the project on track despite unfair and unfounded criticism."
Bobby Epstein, founding partner of Circuit of The Americas, added: "Our investors have believed all along that this project has tremendous benefit for our region, and provides a strong economic engine for the future. We remain committed to reaching our goal of being valuable community partners as we establish a platform for sports and entertainment. We're glad that Tavo's vision of bringing F1 to the people of Texas will become a reality."
Construction at the Circuit of the Americas will resume immediately so that the track can be completed ahead of the 2012 race date.
"We have a substantial number of fans who have expressed interest in buying tickets and hospitality, so today is a win for all of them as much as it is for Circuit of The Americas," said Steve Sexton, president of Circuit of The Americas. "We encourage everyone to visit our website and register for information. Registered fans will receive the first communication regarding ticket sales plans. In a matter of weeks we will have more exciting news as we unveil our full calendar of world class events."
