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Community Impact

American Democrazy

Raise your hand if yesterday was the first time you ever watched a City Council meeting? Now raise your other hand if you don't even live in Austin, Texas?

Yesterday was nothing short of a democracy marathon. We were actively watching the live webcast, listening to the radio feed and tweeting the entire time. Kevin was in attendance and he donated his 3 minutes of speaking in favor of the F1 proposal due to other time constraints.

We thought the Austin City Council did a great job allowing both proponents and opponents to have their voices heard at the meeting, which began at 10:00AM with an exit speech from Council Member Randi Shade, broke for Executive Session at noon, reconvened at about 2:00PM and concluded with a vote at 5:00PM. KUT News reported an unconfirmed number of 243 people signed up to speak in favor of the approval of the F1 agenda items, 26 against and 3 neutrals.

Our Will Buxton Video was broadcast for the Council and in front of the maximum capacity of the Chambers. We immediately started receiving messages from people around the world thanking and congratulating Will on his "presence" at the meeting! Will was watching the Austin City Council meeting via the web from the Valencia Street Circuit, where all the F1 teams, crews, reporters, employees and supporters are located for this weekend's European Grand Prix. It was inspiring to hear from our fans from around the world that they were tuning in to watch this American democratic process unfold.

But while listening to the opponents arguments, we received a message from Will that he had further comments to share. We worked our magic and found another F1 proponent who was willing to read Will's letter at the Council meeting. Thank you Scooter!

 

Scooter Womack, F1 proponent, reading Will Buxton's email at the June 23, 2011 Austin City Council meeting on behalf of The Austin Grand PrixHere is Will's letter in full:

"As I sit here in the media centre at the Valencia Street Circuit, home of the 2011 European Grand Prix, I and many of my colleagues are hanging on every word coming through to us online of today’s events in Austin, Texas.

There have been some salient points made, but there have been a number of falsities and some scaremongering, which I feel it only correct to address, particularly in light of an ill informed article by Dutch Mandel in AutoWeek, which those who have displayed an argument against the race today, have almost all referenced.

Bernie Ecclestone has become a rich man through his control of Formula 1. Of that there is no question. But this is a man who was almost single handedly responsible for turning this sport from a ragtag operation into the single most watched regular sporting event on earth. Only the Olympic Games and the Soccer World Cup get more viewers globally, and they happen only once every four years. This sport happens every other weekend. If you’d come up with the idea, you’d probably feel you were entitled to a cut, wouldn’t you? Of course you would.

But the anti lobby seems to believe that he and he alone will take the race hosting fee and run away with it. But Bernie Ecclestone, although still in charge of this sport politically, has for a long time not owned this sport. He is a minority shareholder. He is responsible for ensuring that the sport remains profitable for its current owners (a private equity firm)

But that fee doesn’t even go purely into the equity firm’s pocket either. This sport takes the money, divides it between teams to aid with their transport costs year on year, pays out to those who score well in the world championship and races. The sport does not run on breadcrumbs. It never has. It never will. No business can.

It is the highest form of racing spectacle on earth. Last season over 500 million people worldwide watched Formula 1.

Why, as AutoWeek suggests you do, would you wish to run away from that kind of exposure?

It is exposure which national governments have decided is worthy of investment to promote their country and host city for international tourists.

In the case of Austin it has taken individuals and entrepeneurs to take the decision and personal financial risk to build a track that, in most other nations on earth, would have been funded by national governments. Circuit of the Americas are doing this because they have a dream. And this dream is one which can only serve the people and the city of Austin, Texas.

As I sit here in this paddock, I am surrounded by hundreds of fellow journalists. In the paddock beneath me are hundreds of people who work for the Formula 1 teams and put these cars on track. There are hundreds of people working in hospitality. Around the track are hundreds of local people acting in their roles at the circuit, be it promotional, be it trackside, be it operational.

Hundreds of thousands of race fans will attend this race.

Every one of them needs a hotel room. Every one of them needs to eat. Every one of them wants to have a cold beer at the end of the day. And if every one of them has a good time, how likely will they be to return, not just for the race but simply to visit? And how many of their friends would wish to visit the city based on the recommendation of those who have attended?

This is one race. Formula 1 is one circus. MotoGP, Nascar, Indycar. They all operate similar numbers. They all bring an influx of funds to the cities and surrounding area in which they race. Year on year.

Two weeks ago in Montreal, the centre of the town became one big F1 party.  Every shop front carried chequered flags. Every shop was full. Everyone you passed carried bags of purchases. Day after day. Business boomed. As it does, every single year.

Again, to reference the autoweek article, what part of that is something that Austin would wish to run away from?

A ten year promise to pay $25 million a year is by no means a small investment on face value.

But the revenue from those who attend, the exposure that the city will receive, will dwarf the initial outlay.

But that depends on Austin. If the city embraces this sport, if it is welcomed with open arms, Formula 1 will open itself to you.

Make it happen.

This sport cannot wait to return to America. And to its new home, in Austin, Texas."

The outcome of the meeting was a 6-1 vote in favor of postponing the decision of the Austin City Council to vote on Agenda Items 20, 21 and 101. That will take place next Wednesday, June 23. The City of Austin has created a Formula One page which includes in-depth materials related to the matter. You can access the page here.

Thank you to all our fans. It is truly amazing to hear from people around the world, telling us that they have never been to a city council meeting, nonetheless in a city they don't even live in. We even got a message that a fan in Dubai was glued to their computer until 11:00PM watching the webcast. Amazing.

More info to come about next week's City Council meeting. Please share your thoughts in the Comments section below or on our Facebook page.

Thank you and MAKE IT HAPPEN!

Today's City Council Meeting - #MAKEITHAPPEN

The Austin City Council meeting has started. The chamber is at 100% capacity.

Austin City Council Chamber, June 23, 2011

Watch it LIVE here: http://www.ci.austin.tx.us/channel6/

In the event that we crash their live webcast AGAIN, try the live radio feed here: http://tunein.com/tuner/?StationId=31602&

The complete Agenda: https://austin.siretechnologies.com/sirepub/mtgviewer.aspx?meetid=100&doctype=agenda

Our F1 items

Item #20: https://austin.siretechnologies.com/sirepub/agdocs.aspx?doctype=agenda&itemid=7542

Item #21: https://austin.siretechnologies.com/sirepub/agdocs.aspx?doctype=agenda&itemid=7545

Item #101: https://austin.siretechnologies.com/sirepub/agdocs.aspx?doctype=agenda&itemid=7553

There are 136 items on today's agenda. We will continue to update you throughout the day. The most up-to-date news will be shared in 140 characters via our twitter stream:

http://www.twitter.com/AustinGrandPrix

THANK YOU everyone for your amazing support. MAKE IT HAPPEN!

AUSTIN - MAKE IT HAPPEN!

How do you summarize an amazing four days in a foreign country where you were welcomed by friendly and fun people from around the world and created lifelong memories and friendships? How do you capture the energy and enthusiasm shared with you from people around the world that proclaim their interest and promise in visiting your hometown in the near future? How do you retell the experience of hearing, smelling, seeing and, most importantly, feeling the rush of a Formula One race car only feet (or meters) away in a legendary city at one of the most historic races of recent history?

Perhaps actions do speak louder than words:

Austin, MAKE IT HAPPEN! from The Austin Grand Prix on Vimeo.

 

For the F1 newbies, you may be asking yourself: Who is this man and why is he standing on a chair commanding the attention and uproar of a crowded pub, nonetheless talking about the Austin City Council?

Well, what had happened was…Will Buxton sent out a tweet inviting his Twitter followers to meet for drinks in Montreal the night before the Canadian Grand Prix. His pals Karun Chandhok and Charlie Whiting* were in attendance, in addition to many other F1 VIPs.

Will's F1 Drinks Tweet

Will is a gregarious and well-respected F1 pit reporter for SPEED TV Channel in the US. We met Will and he immediately shared his informed concern on recent and upcoming Austin City Council agenda items, although he admits he’s not so sure what happens at American city council meetings (and, who does?).

After meeting Will and mingling with F1 fans from around the world (including a lovely and lively bunch from Vancouver who would have come back to Austin with us if we had enough room in our suitcases :), we were moved, yet not terribly surprised at the support everyone shared for making the Austin Grand Prix happen next year.

The pub was jam-packed with outgoing people from around the world. Their common thread: F1 racing. When Kevin and I booked our Montreal tickets six months ago, we saw the importance and opportunity in experiencing a Formula One race close to home and returning to Austin with stories to share. We are *still* mulling over the 5,000 pictures and hours of video shot.

The more and more people Kevin and I met the more inspiring stories we heard and were able to capture. At one point, I went up to Kevin and told him to have his camera ready, just like at April’s Press Conference with Bob Varsha. I asked Will if he would garner the support of the entire pub so we could send a special message back to Austin and the City Council. We shared the plan with F1 fans throughout the pub, and then Will jumped up on a chair and shared his support, which is felt by F1 and racing fans from around the world:

“MAKE IT HAPPEN!

WE’RE GOING TO COME!

IT’S GOING TO BE AMAZING!

MAKE IT HAPPEN!”

So what is Will talking about? You thought everything was approved since the facility construction is progressing nicely? Even the famed Sutton Images had GREAT progress to report from their visit last week.

There has been a lot happening in Austin lately surrounding the Circuit of the Americas (“COTA”) facility and the subsequent Formula One races, which are scheduled to start on June 17, 2012. The most pressing issue is the upcoming Austin City Council meeting to be held this Thursday, June 23. At this meeting, the City Council will be asked to:

1. Approve a resolution authorizing the City Manager to complete the agreement with the Texas Comptroller and proceed with the Major Events Trust Fund (“METF”) establishment with Formula 1 U.S. Grand Prix; and

2. Approve a resolution authorizing the newly created Circuit Events Local Organizing Committee (the “LOC”) to act on the City’s behalf and authorizing #1 above.

Let us first say we recognize how confusing and difficult the Austin City Council and Texas Major Events Trust Fund issues are to navigate. The Austin Grand Prix is made up of Formula One fans, but first and foremost, we are proud and loud fans of the great city of Austin, Texas. We support responsible and sustainable growth and expect all actions surrounding Formula One United States Grand Prix and the Circuit of the Americas to be in the best interests of the city of Austin and its bar none citizens.

That being said, we were pleasantly surprised to read about last week’s revelation that Full Throttle Productions, LP (Tavo Hellmund’s entity promoting the race and the major backer) has decided to front the $4M annual city funds required to access the State of Texas’s METF. This means Austin taxpayer support will be eliminated and COTA would still have access to the METF funds which are generated by tax dollars and specifically set aside for major sporting events. (Note: the METF funds CANNOT be reassigned for other state budget issues, such as education, despite knee-jerk statements made by F1 opponents).**

With your active participation last year, we were able to share your support for F1 with the Austin City Council and Travis County Commissioner’s Office and we are asking for your loud voices to be heard again. Now we need your help to follow through on Will’s message to MAKE IT HAPPEN!

1. Share Will’s video with your friends and get people to post comments saying “AUSTIN - MAKE IT HAPPEN!” on the Vimeo video page, at the end of this page, on our Facebook page or send a Tweet to @AustinGrandPrix. Anywhere and everywhere!

2. We have found at least three different electronic petitions started by Austin F1 fan groups that could really use your support. Please take the time to sign each one of them and pass them on to your friends as well. You do not need to live in Austin or even Texas to sign these petitions!

Petition 1

Petition 2

Petition 3

3. As with all of our Calls to Action over the past year, your *personalized* and *individual* messages to Austin City Council members go a long way. I have spoken to Mayor Pro Tem Mike Martinez and he told me he READS EVERY EMAIL! Not his assistant; not someone on his staff; but him personally. I don’t know about you but I have a hard enough time keeping up on email. He has received over 2,000 emails regarding the upcoming June 23 meeting. Can we double that? (Sorry Mike! ;)

The Austin City Council consists of the following respectable individuals:

Lee.Leffingwell@ci.austin.tx.us

Mike.Martinez@ci.austin.tx.us

Bill.Spelman@ci.austin.tx.us

Chris.Riley@ci.austin.tx.us

Sheryl.Cole@ci.austin.tx.us

Randi.Shade@ci.austin.tx.us

Laura.Morrison@ci.austin.tx.us

We suggest you make the subject of your message: “AUSTIN – MAKE IT HAPPEN!” and include a personal message regarding your feelings about F1 in Austin 2012.

4. Attend the City Council meeting this Thursday by following the instructions posted on this page:  Citizen Participation. As mentioned earlier, the Austin City Council will meet at 10:00AM CST this Thursday, June 23 at the Office of the City Clerk, City Hall, 301 W. 2nd Street, Suite 1120, Austin, Texas 78701.

5. If you cannot attend this week’s Council meeting, you can watch it live online via the City of Austin’s Channel 6.  Although please be patient, as we had so many viewers tune in once that we crashed the live webcast – whoopsie!

Thank you for seeing this article through to the very end. As with all great things, nothing is simple. We look forward to your support and seeing you in Austin in 2012 – MAKE IT HAPPEN!

 

*The real Charlie Whiting on Twitter, however the Fake Charlie Whiting IRL (legally).

**This is our very brief summary of the METF issues. Luckily, our friends at the Austin American-Statesman, Austin Business Journal and Austin Chronicle have spent many hours hashing it out (just click on their hyperlinked names).

 



Would You Tolerate a 'Day of Rage' To See A Race?

While last Friday's announcement of the 2012 schedule caught everyone by surprise, we reacted quickly by focusing on the 2012 Formula 1 United States Grand Prix and the June 17th date for the race.  Since the news has settled down a bit and I've had some time to go back and look a little closer, I think the issue of the 2011 Bahrain Grand Prix needs to be explained a bit.

Citizens rally in protest of the Kingdom of Bahrain. Source LA Times

'A Day of Rage'

With the announcement the Bahrain Grand Prix being reinstated on the 2011 calendar (it was canceled earlier this year), protesters and human rights groups in Bahrain are calling for a 'Day of Rage' to counter the decision by the Kingdom of Bahrain and the FIA. 

As the FIA World Motor Sports Council announced on Friday, the 2011 Bahrain Grand Prix is now back on the calendar this year and set for October 30th.  In order to make room, the Indian Grand Prix has now been pushed back to December 11th following the Brazilian Grand Prix over the U.S. Thanksgiving weekend.  Not only does that leave a short 13 weeks break period between the 2011 and 2012 season, it also means that Bahrain will be 19 weeks apart from its 2012 position at the beginning of the next race season.

According to the press release, FIA Vice President Carlos Gracia spent May 31st in Bahrain to assess the situation and visit with officials from various Ministries, Circuit officials and a representative from the National Institute of Human Rights.   All of these reassurances however, are not enough to truly shed some honest light on the situation.

One Day On-Site Inspection Enough?

Bernie Eccelstone talks with Prince Salman bin Hamad Al Khalifa, who was the main advocate for building the Bahrain International Circuit to host Formula 1. Source Yahoo NewsFirst, I have to question the thoroughness of such an on-site visit.  Could this on-site visit that lasted just one day really be enough to determine the appropriateness of the race?  An F1 race is no small impact on a city, on the contrary, officials from FIA and Bahrain proclaim that the impact to the economy is nearly $500 million dollars.  With over 100,000 people attending the race, the presence of F1 will be nearly impossible to ignore, and for the citizens of Bahrain, an easy target of criticism and anger as their brothers and sisters are standing up for their rights against the oppressive regime.

Now it would be a mistake to assume that politics and F1 are independent.  After all, business and politics are closely intertwined with F1.  A similar problem faced Formula 1 for the 1985 South Afrian Grand Prix, when several teams protested the GP due to the existence of apartheid in that country.  Following this race, F1 did not return until 1992 following the end of of the policy in 1991.  But the remains of the discussion and lingering attitude of the ignorant Formula 1 policy still tarnishes the return of Formula 1 to South Africa.

Reactions From Citizens, Drivers and Teams

Since the announcement, several people have come out and declared their disapproval of the decision.  F1 has been warned by Nabeel Rajab, the president of the Bahrain Centre for Human Rights, that protesters are calling for a 'Day of Rage' to protest the reinstated grand prix (see Planet F1). 

Red Bull Racing Team Driver Mark WebberFrom the driver's perspective, one of the most vocal advocates for a more sensitive approach to Bahrain has been Red Bull Driver Mark Webber, and with a tweet-heard-around-the-world from his official twitter account @aussiegrit, he said "When people in a country are being hurt, the issues are bigger than sport. Let's hope the right decision is made..."  Clearly, Mark has a good point...

Red Bull Racing released a statement on their website saying "We will go through the correct channels and discuss this decision within the appropriate forum with the other F1 teams and our fellow FOTA members."  It's expected that the Formula One Teams Association (FOTA) will be meeting again soon to discuss their position on the decision to return to Bahrain.  This may be the early warnings of a possible rebellious decision to not participate, similar to the threats by Ligier and Renault preceding the 1985 South African Grand Prix.  One of the major concerns that a team would likely endure is the ability to get insurance to take the team and it's assets and employees to the race.  This would likely be extremely expensive given the current situation and could prohibit the teams, especially lower budget teams, to travel to Bahrain.

Fans and non-fans are speaking their mind as well.  Even before the announcement of the schedule by the FIA, the online petition giant AVAAZ.org was well underway to expanding their plee to help stop F1 going back to Bahrain.  Their petition has reached nearly 450,000 signatures in just 72 hours, and continues to grow steadily.  This kind of pressure is hard to ignore and if it continues, will be a highly effective tool at reaching the world's media.

Keeping It In Perspective

Is a human life worth the sponsorship money and global exposure of the sport?  Clearly not; this is the extreme case but the sensitivity of the situation should be handled with extreme care.  Formula 1 does not want to have blood on it's hands should protests about the sport turn violent and result in more bloodshed.  This would forever tarnish the relationship of the sport with Bahrain, and potentially interfere with Middle-East relations with Western Countries  (the last thing anyone wants right now).

No different than the earlier season decision to postpone the race until later in 2011, it's still too early to hold another race in Bahrain.  Formula One should respectfully decline the invitation to return.  If the teams are unwilling to spend the money to travel to Bahrain and see the race, are regular citizens going to risk getting caught up in civil unrest to attend the emotionally-charged and debated race?  We need to keep things in perspective; this is, after all, a sport. It's not our place to get between the citizens of Bahrain and their Government.

New Additions!

Just a quick rundown on some recent additions:

Please join us in congratulating our contributor Mike, aka Chairman Kaga, as he and his wife welcomed their first Baby Girl this morning - Congratulations and Best Wishes for all of you!

Dr. Stephen OlveyJust last week Circuit of the Americas announced that internationally recognized physician Dr. Stephen Olvey "joined the team as Director of Medical Services. Dr. Olvey served as Director of Medical Affairs for Championship Auto Racing Teams from their inception in 1978 to 2003. He is the author of two books including Rapid Response, an autobiography of his career in motor sports medicine. He is a member of the American College of Sports Medicines Motor Sports Safety Task Force, is a Founding Fellow of the FIA Institute for Motor Sports Safety, serves as a Medical Consultant to the Indianapolis 500 Mile Race and is a Member of the Media Referral Network of the American College of Sports Medicine."

F1 Fanatic had this to say about Dr. Olvey in 2006:  "Dr Stephen Olvey is best described as American racing’s answer to F1′s Professor Sid Watkins. Olvey was at the forefront of improving driver safety in Indycar racing from the 1970s until the series dissolved in 1995. He remained with the new Champ Car series until it collapsed in 2003."

You can read the official COTA press release on Dr. Olvey here.

Also announced today by COTA is the appointment of Lon Bromley as Director of Safety. You may also recognize Mr. Bromley's name - our Twitter friend BaronVonClutch pointed out that "It's a Champ Car Reunion... Lon was head of the CC safety team while Dr. Olvey was w/ the CC medical team w/ Terry Trammell."

COTA goes on to introduce Mr. Bromley as "a 20-year veteran of the racing world...considered an expert in the field of motor sports safety and on-track rapid response. Bromley will oversee the development of safety procedures and policy at Circuit of the Americas. He will also be responsible for track maintenance programs and assist in the development of emergency protocols. Additional responsibilities will include overseeing procurement and maintenance of rescue equipment, coordination of track marshals and volunteers, and safety planning with local ambulance, fire, EMT, and paramedic services."

You can also read COTA's full press release on Mr. Bromley here.

Welcome everyone!

An Epic Day in Austin, Texas

260 days. That is how long curious Austinites, die-hard F1 fans and everyone in between had to wait since the first F1 USGP Press Conference in July 2010 and this week's coming out party in Austin, Texas. In Tavo's defense, to say they have been busy would be an understatement.

We arrived at the Palmer Events Center on a typical April afternoon in Austin: 80' F (27' C), sunny with a few clouds in the sky, and so many people frolicking about in the neighboring Zilker Park, you begin to wonder if anyone works a typical 9-5 job in this town. As evidenced throughout Austin's cohesive, collaborative, laid-back yet get-down-to-business vibe, we passed by the sunny fun-loving people in the park and walked into the Palmer Events Center, where we were transported to a high tech press conference with a platform for innovation and excitement, and some cool backdrops. The stage was bordered with two giant screens looping some new and some familiar snapshots of Austin; the Williams F1 car served as a focal point and photo op; and about 100 media and invited parties began to fill the room.

We mingled, ran into our friend USF2000 Driver Rodrigo Sanchez, met a few new folks and took our seats behind the "Reserved Row," not knowing who would join us, but impressed when we were joined by Del Valle School Board President Richard Vasquez, Austin City Manager Marc Off, Texas Rep. Eddie Rodriguez, Texas Sen. Kirk Watson, Austin Mayor Lee Leffingwell (hard to see from this angle) and Council member Mike Martinez.

SPEED TV's iconic Bob Varsha welcomed everyone and noted that he had visited the construction site and was "impressed with what was being accomplished at the track site." Before introducing the founding team on stage, Red McCombs, Tavo Hellmund and Bobby Epstein, he also shared his newfound love for the city of Austin, and shared our sentiments that it is an active and entertaining town supported by the welcoming and fun-loving people of Austin.

You may recall that McCombs and Epstein were announced as the major financial backers at July's press conference and Tavo is the ring leader in this entire project. McCombs quickly took over and before announcing first order of business, the naming of the track, he reminded people of the scale and magnitude of this project, equating it to "a SuperBowl every year" for the city of Austin. There has been so much buzz around this press conference in the past week, including speculation about what was going to be announced, that we were confident a title sponsor would be named, thereby revealing something of the sort: "The AT&T Williams Momentum Park." That was my calculated guess because AT&T is headquarted in Texas and has strong business and historical ties to central Texas, that Williams F1 car keeps popping up, and Momentum Park was a name that was referenced via some online research.

Alas, McCombs, Epstein and Tavo revealed the track as "Circuit of the Americas - Home of the World Championships, United States," or "COTA" for short. I've heard some mixed reviews of the name, but the thought behind Circuit of the Americas was to tie in the United States with Canada, South and Latin America, where I think F1 fans might rival US F1 fans in number. I'm unable to embed the video here, but SPEED TV just posted a great 8 minute+ video of the highlights of the press conference. If the full press conference is published, we will share that video with you in the future. For now, you can watch the SPEED TV video of this F1 USGP April Press Conference by clicking here.

McCombs then invited Steve Sexton, F1US and now COTA President, to the stage and Steve also shared Varsha's sentiments of the warm welcome he has received as a new Austin resident. Then the discussion transitioned from the "Who" to the "What and Where." This is not just a race track, folks. The Circuit of the Americas is a destination: a high-end, multi-purpose development that has grown from 970 acres to 1,100 planned acres. Tavo began to paint a clearer picture of what we can expect at the Citcuit of the Americas:

  • 40,000 square foot, 3-story tall conference center bordering the 300 yard pit area
  • 14 executive suites, each 3,600 square feet with elevators, kitchens, latest A/V gear, high-speed connections and capacity for 75 people each (to be used by teams and sponsors on race weekends for meetings and hospitality)
  • Main grandstand includes luxury suites for business entertaining and capacity of about 750, including commercial kitchen and cafe
  • Media and conference center - business conferences, seminars and receptions, and converting to international media center
  • 500-person banquet hall (private or corporate dinners and nonprofit fundraising galas)
  • 5,400 square foot Medical Building with year-round use as a training facility (professionals and students) and converting to trauma care center for driver-athletes
  • Live music entertainment venue during race and non-race weekends, including indoor and outdoor space, and spanning the equivilent of 3 football fields wide with a capacity of 35,000
  • 22-story Observation Deck providing breath-taking and memorable views of the destination set amidst the gorgeous Texas Hill Country
  • Entertainment and festival venue with capacity of 35,000

This article, "Circuit of the Americas Partners with Texas Schools," is a great overview of the educational institutions that have jumped on board with COTA and their specific roles "linking classroom learning to practical application work." We are really hoping to hear that Austin's own University of Texas at Austin and Texas State University-San Marcos are also jumping on board!

Tavo continued to highlight the business and economic impact of the facility not only during this fast-paced construction phase that we are currently in, but also the sustained opportunities for local and global companies for the duration of the 10-year contract with Formula One Management and F1 racing:

  • Agreement with Austin Energy to build a new energy sub-station in Del Valle
  • Research and development opportunities almost solidified with two large auto manufacturers
  • Potentially 1300-employees tied to the multi-purpose facility
  • Construction expenditures alone of over $400MM, with a focus to keep 80% or more of that in the pockets of local Texan businesses
  • In addition to plans for on-site retail, the COTA team is in talks to bring a major hotel developer to the development
  • In the course of a single F1 race weekend (which, as we know, is only 3-5 nights out of the facility's 365 days of planned business), you can expect 300,000 guests to spend 3-5 nights in the Austin and surrounding Central Texas areas and spending an average of $1400-1600

Tavo then shifted the focus back to the "Who and What" by introducing two icons in an equally exciting motorsport field: 1993 World GP Motorcycle Champion Kevin Schwantz and 2010 MotoGP "Rookie of the Year" Ben Spies. Schwantz made the highly-anticipated announcement of the addition of MotoGP motorcycle racing to the circuit's lineup. MotoGP is to the world of motorcycle racing what Formula One is to the world of automotive racing: they are both the cream of the crop in their respective fields; partnering the highest advancements in technology and innovation to deliver non-stop excitement to their large international audiences. The introduction of MotoGP's partnership with The Circuit of The Americas facility was met with energetic support from the crowd as Schwantz also reported a 10-year agreement was met to bring MotoGP to Texas from 2013-2022.

While I was live-tweeting snippits of the press conference via our Twitter feed, I heard Schwantz ask Spies "How excited are you to be able to come and race in Austin in 2013?" His response was "Very!" and I think you can expect to see an expansion of our COME AND RACE IT© product line to show our support of MotoGP's introduction to the Texas lineup.

As the press conference wrapped up and we were directed to make our way to the shuttles leaving for the construction tour of the facility, we snagged two great interviews with Bob Varsha of SPEED TV and Christian Epp of Tilke Engineering. You can enjoy them on our dedicated Press Conference page or via our Vimeo Channel.

For all high-def photos and official facility renderings, check out our Gallery.

Next up from us: our recap of the site tour, and hopefully next up from COTA: the "When" and more announcements on the "Who" regarding this decelopment of epic, Texas-sized proporstions.

In the meantime, tell us what you thought of the Press Conference and enjoy the first-ever video of the drive up Turn 1 at The Circuit of The Americas!

On Location at the Circuit Of The Americas from The Austin Grand Prix on Vimeo.