All eyes on Austin in this time of uncertainty for the Formula One United States Grand Prix, still slated to begin in Austin in one year. Despite the recent interpretations of fact and soundbytes, at the end of the day (well, today at least!) there is still a November 18, 2012 Austin race on the Formula One calendar. Until it is officially removed, we will continue to move in that direction.

Tavo Hellmund and Bernie Ecclestone, President & CEO of Formula One Management (Courtesy of Formula 1 United States)However, overnight F1's Bernie Ecclestone was quoted in The Independent (UK paper) as saying "The [new] contract we proposed to them is 10 years from 2013. We said we would wait for them."

Moments ago, Steve Sexton (President of Circuit of The Americas) issued the following statement:

"We have been excited for and working towards a 2012 USGP race and now understand that Mr. Ecclestone is interested in moving the Austin race to 2013. We know the U.S. market is important to the teams and their sponsors and 2013 certainly allows time for the Circuit of The Americas to be ready."

So, a loose interpretation of these comments suggests that COTA and Ecclestone are re-negotiating the terms of the F1US contract. There are obvious pros and cons for moving a 2012 race to 2013. The most obvious pro is that this allows more time to develop the infrastructure at Circuit of The Americas to its full capabilities to welcome F1, MotoGP and V8 Supercars all together in 2013. Despite having to wait, the most crushing con is that many American F1 fans are again in an emotional state of confusion and anger. Hopefully, as the dust settles from this Texas showdown, we will be able to quickly get back to our state of creativity and excitement.

There are a few events in Austin this weekend that were planned in order to commemorate the one year mark until our first F1 race. Some may think it's a waste of time to continue with our plans. I completely disagree. Instead of focusing on a one year countdown, it is time to celebrate our accomplishments for the past 18 months!

Hundreds of Austinites have banded together to create a vibrant community for a race that isn’t even here yet. For a circuit that is about 40% complete. The fans, supporters and community connectors are due credit for creating worldwide excitement for Austin, Texas 2012. The fans have opened their arms to visitors who have travelled to Austin since May 25, 2010 to scout out what we're all about: to plan their F1 events and business dealings; to get the lay of the land while listening to live music on 6th Street; to "ride the bull" at Rebel's Honky Tonk in the Warehouse district; to watch an F1 race with fans at Cool River Cafe or downtown with us at Six Lounge. Every visitor that we have met with has shared the same reaction: Austin is an amazing town with people that make it extraordinary. The people are extraordinary because they love their city and they love the idea of sharing what it has to offer with friends and visitors.

Hangar Lounge - 318 Colorado Street

This weekend is about celebrating what we’ve accomplished as a community while continuing to look forward to the future of racing in Austin. Here are two events:

Friday, November 18, 8:00PM – 12:00AM

Hangar Lounge, 318 Colorado Street, Austin, Texas

Free admission and Red Bull drink specials

More info on our Facebook event link by clicking here.

Saturday, November 19, 5:00PM – 11:30PM

The Hitchin’ Post, 12100 FM 969, Austin TX

More details on Wild Bubba's Facebook event page by clicking here.

See you this weekend!