It's official! F1 coming to Texas in 2012 - LotusTalk - The Lotus Cars Community
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post #1 of 154 (permalink) Old 05-25-2010, 10:40 AM Thread Starter
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It's official! F1 coming to Texas in 2012

Specifically Austin, TX, future US home of F1, current home of hot co-eds and binge drinking. Not too shabby Hope the facility rocks and that Lotus will be competitive that year.

Linky: Formula 1? - The Official F1? Website

Quote:
Formula One World Championship Limited and Formula One Administration Limited (together, the F1 Commercial Rights Holder) and Full Throttle Productions, LP, promoter of the Formula 1 United States Grand Prix™, announce that a historic agreement has been reached for Austin, Texas to serve as the host city of the Formula 1 United States Grand Prix™ for years 2012 through 2021.

“We are extremely honoured and proud to reach an agreement with the F1 Commercial Rights Holder. 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. All parties involved have a great amount of trust and confidence in each other and are committed to establishing the Formula 1 United States Grand Prix™ in Austin, Texas as a prestigious global event,” stated Tavo Hellmund, Managing Partner of Full Throttle Productions, LP.

Bernie Ecclestone, President and CEO of the Formula One Group stated: “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. It was thirty years ago that the Formula 1 United States Grand Prix™ was last held on a purpose-built permanent road course circuit in Watkins Glen, NY (1961-1980), which enjoyed great success. Since then, Formula One has been hosted by Long Beach, Las Vegas, Detroit, Dallas and Phoenix all on temporary street circuits. Indianapolis joined the ranks of host cities in 2000 when they added a road course inside the famed oval. Lewis Hamilton won the last Formula 1 United States Grand Prix™ in 2007, signalling the end to eight years at Indianapolis Motor Speedway. This however, will be the first time a facility is constructed from the ground up specifically for Formula One in the US.”

Mr. Hellmund added: “This is a case of the right timing in the right place. As many Americans know, Austin has earned a reputation as one of the ‘it’ cities in the United States. Austin features that rare combination of ideal geographic location and beauty. Its fine dining, world-renowned hospitality and excellent transportation infrastructure make Austin ideally suited to host and manage an event of this magnitude. Few cities if any in America could rival the connectivity of all the key elements needed for hosting a Formula 1 event as well as Austin. Now, many people around the world will have the opportunity to experience a world-class event, facility and city.”

“We are pleased Texas has the opportunity to be involved with Formula 1 and that an event of this magnitude is coming to Austin,” said Susan Combs, Texas Comptroller of Public Accounts. “It has been a pleasure working with Full Throttle Productions, LP and Mr. Hellmund on this project. Their tradition of producing successful major events coupled with a thirty year relationship with Mr. Ecclestone has us looking forward to this worldwide event and the benefits it will bring, including local job creation, increased tourism and a significant economic impact added to our state economy. The visibility and prestige of this event will spotlight our state on an international stage.”

Texas Governor Rick Perry conveyed his enthusiasm for the project, explaining “Texas’ relatively strong economy continues to draw both national and international attention and I commend Comptroller Combs for her work in bringing this exciting event to the Lone Star State.”

City of Austin Mayor Lee Leffingwell continued the positive sentiments, adding "The City of Austin will be proud to host this magnificent event and I look forward to welcoming the participants and fans of Formula One to our City."

Full Throttle Productions, LP acknowledges with great appreciation the efforts of all parties involved including Bernie Ecclestone, President and CEO of the Formula One Group, and the local and state officials of Texas.

“It has been a shared vision and monumental task to reach this agreement. We realize that over the last 30 years there have been one or two missing pieces from the previous editions of the Formula 1 United States Grand Prix™. We have a tremendous opportunity at hand to do it right - to feature Austin as the backdrop and produce the Formula 1 United States Grand Prix™ as one of the great sporting events in the world,” stated Hellmund.

In addition to the State of Texas being the 11th strongest economy in the world, it has more Fortune 500 company headquarters than any other state. Key features of Austin include:
- State capital nicknamed ‘Silicon Hills’ for being one of the most important regions in the US for the Technology Industry;
- USA’s 15th largest city and is located 145 miles from Houston (4th largest US city), 70 miles from San Antonio (7th largest US city), and 180 miles from Dallas (8th largest US city), population in this triangle is over 22 million;
- perfectly located geographically for North, South and Central American visitors;
- over 130 daily departing international flights within 180 miles;
- over 250,000 hotel rooms within 180 miles;
- desirable year-round climate, with an average annual temperature of 68 degrees Fahrenheit (20 Celsius);
- geographically located in the Texas Hill Country, easily the most beautiful city in the State, and considered one of the most in the US;
- hotels/downtown/Formula 1 circuit/airport located within close proximity of each other, which is nearly impossible for any other large city in the US;
- world class night life entertainment along renowned ‘Sixth Street’; and
- large film industry presence - many movies filmed in the area.

Austin’s National Recognition
- Known as “The Live Music Capital of the World”
- Voted “Greenest City in America” (MSN)
- Voted “Least Stressful Large Metro” in the United States (Forbes)
- Voted Top Two “Best Cities” in the United States (Money Magazine)
- Voted Top Three “Hippest Cities” in the United States (Forbes)
- Voted Top Five “Safest Cities” in the United States (Forbes)
- Voted Top Ten “Sports & Fitness Cities” in the USA (Sports Business Journal)

Full Throttle Productions, LP is an Austin, Texas, special event and sports production company that provides event conception, event project management, day of event oversight, staffing and volunteer services, venue planning and logistics support.

More information on the Formula 1 United States Grand Prix™ will be forthcoming shortly. In the meantime, all queries should be directed to [email protected].

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post #2 of 154 (permalink) Old 05-25-2010, 10:55 AM
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Definitely looking forward to this!
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post #3 of 154 (permalink) Old 05-25-2010, 10:57 AM
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You mean I can be at an F1 race in an hour!!!!!!!!



This must be a May Fools Day joke.

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post #4 of 154 (permalink) Old 05-25-2010, 11:03 AM
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Nooo...... I want it in Monticello

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post #5 of 154 (permalink) Old 05-25-2010, 11:18 AM
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Woot! Just a couple hours drive.. the boys will love it!

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post #6 of 154 (permalink) Old 05-25-2010, 11:18 AM
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Texas? It should be in Cali...

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post #7 of 154 (permalink) Old 05-25-2010, 12:01 PM Thread Starter
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Quote:
Originally Posted by shay2nak View Post
Texas? It should be in Cali...
Most things I've heard about CA is that the state would want too much $ from Bernie and the FIA's earnings. If any western state has a shot, my bet is on Nevada (no pun intended).

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post #8 of 154 (permalink) Old 05-25-2010, 02:16 PM
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Dammit wish it was Dallas, but those that visit Austin will find plenty to do and see!


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post #9 of 154 (permalink) Old 05-25-2010, 02:16 PM
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Sorry shay2nak, lived in both Cal and Texas and been around the world and nowhere has the heart and soul of Austin, Texas and the best radio station in the world KGSR "Radio Free Austin." Bernie's no fool. Just ask Sandra Bullock and lot of other entertainers who prefer to call the "Third Coast" home.
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post #10 of 154 (permalink) Old 05-25-2010, 03:57 PM
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It will never happen. 2 years to build an entirly new complex. Good luck.
USF1 all over again. Where's the $$$ coming from?

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post #11 of 154 (permalink) Old 05-25-2010, 04:01 PM
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Quote:
Originally Posted by eman View Post
It will never happen. 2 years to build an entirly new complex. Good luck.
USF1 all over again. Where's the $$$ coming from?

e
My sentiments exactly...as posted on TOF: Now that the initial euphoria has worn off (an F1 race within an hour of my house!), I'm begining to have my doubts. I wonder where the financing for a project of this magnitude will come from. The State of Texas is facing some tough choices during the upcoming legislative session to meet the constitutionally required balanced budget (lot of cuts are looming), so it is very unlikely it will be funded by tax payer money. That leaves private cash...who's got the ability to pull this off? Jerry Jones?

This may be more vaporware than the USF1 team that was supposed to be on the grid this year.

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Last edited by Shine; 05-28-2010 at 01:21 PM.
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post #12 of 154 (permalink) Old 05-25-2010, 04:22 PM
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but unlike USF1 - this could actually be an investment and make money...
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post #13 of 154 (permalink) Old 05-25-2010, 04:25 PM
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Exclamation Oh My...Formula One Returns to the United States

From the official F1 website: Formula 1? - The Official F1? Website

Formula One World Championship Limited and Formula One Administration Limited (together, the F1 Commercial Rights Holder) and Full Throttle Productions, LP, promoter of the Formula 1 United States Grand Prix™, announce that a historic agreement has been reached for Austin, Texas to serve as the host city of the Formula 1 United States Grand Prix™ for years 2012 through 2021.

“We are extremely honoured and proud to reach an agreement with the F1 Commercial Rights Holder. 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. All parties involved have a great amount of trust and confidence in each other and are committed to establishing the Formula 1 United States Grand Prix™ in Austin, Texas as a prestigious global event,” stated Tavo Hellmund, Managing Partner of Full Throttle Productions, LP.

Bernie Ecclestone, President and CEO of the Formula One Group stated: “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. It was thirty years ago that the Formula 1 United States Grand Prix™ was last held on a purpose-built permanent road course circuit in Watkins Glen, NY (1961-1980), which enjoyed great success. Since then, Formula One has been hosted by Long Beach, Las Vegas, Detroit, Dallas and Phoenix all on temporary street circuits. Indianapolis joined the ranks of host cities in 2000 when they added a road course inside the famed oval. Lewis Hamilton won the last Formula 1 United States Grand Prix™ in 2007, signalling the end to eight years at Indianapolis Motor Speedway. This however, will be the first time a facility is constructed from the ground up specifically for Formula One in the US.”

Mr. Hellmund added: “This is a case of the right timing in the right place. As many Americans know, Austin has earned a reputation as one of the ‘it’ cities in the United States. Austin features that rare combination of ideal geographic location and beauty. Its fine dining, world-renowned hospitality and excellent transportation infrastructure make Austin ideally suited to host and manage an event of this magnitude. Few cities if any in America could rival the connectivity of all the key elements needed for hosting a Formula 1 event as well as Austin. Now, many people around the world will have the opportunity to experience a world-class event, facility and city.”

“We are pleased Texas has the opportunity to be involved with Formula 1 and that an event of this magnitude is coming to Austin,” said Susan Combs, Texas Comptroller of Public Accounts. “It has been a pleasure working with Full Throttle Productions, LP and Mr. Hellmund on this project. Their tradition of producing successful major events coupled with a thirty year relationship with Mr. Ecclestone has us looking forward to this worldwide event and the benefits it will bring, including local job creation, increased tourism and a significant economic impact added to our state economy. The visibility and prestige of this event will spotlight our state on an international stage.”

Texas Governor Rick Perry conveyed his enthusiasm for the project, explaining “Texas’ relatively strong economy continues to draw both national and international attention and I commend Comptroller Combs for her work in bringing this exciting event to the Lone Star State.”

City of Austin Mayor Lee Leffingwell continued the positive sentiments, adding "The City of Austin will be proud to host this magnificent event and I look forward to welcoming the participants and fans of Formula One to our City."

Full Throttle Productions, LP acknowledges with great appreciation the efforts of all parties involved including Bernie Ecclestone, President and CEO of the Formula One Group, and the local and state officials of Texas.

“It has been a shared vision and monumental task to reach this agreement. We realize that over the last 30 years there have been one or two missing pieces from the previous editions of the Formula 1 United States Grand Prix™. We have a tremendous opportunity at hand to do it right - to feature Austin as the backdrop and produce the Formula 1 United States Grand Prix™ as one of the great sporting events in the world,” stated Hellmund.

In addition to the State of Texas being the 11th strongest economy in the world, it has more Fortune 500 company headquarters than any other state.

Best regards,
Bob
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post #14 of 154 (permalink) Old 05-25-2010, 04:30 PM
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Sweet!!!

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post #15 of 154 (permalink) Old 05-25-2010, 05:45 PM
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This is my hometown and this story is pure BS compadre!

Quote:
Originally Posted by eman View Post
It will never happen. 2 years to build an entirly new complex. Good luck.
USF1 all over again. Where's the $$$ coming from?

e
Austin can't even get it together to have a professional sports franchise. The cost for Indianapolis to ready their existing track for F1 was pricy as Hell. Unless Michael Dell is a closet Formula Uno fan... forget it!

Is it just me, or did this trip go downhill since we ran out of Lucky Lager
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post #16 of 154 (permalink) Old 05-25-2010, 06:01 PM
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This is out of the freakin blue. Wonder if MS had anything to do with it, he's got buddies in Texas.

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post #17 of 154 (permalink) Old 05-25-2010, 06:08 PM
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I am so there!!! Every freakin year!!!

With a car like this I could, dare I say it, Rule The World
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post #18 of 154 (permalink) Old 05-25-2010, 07:07 PM
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I cannot believe this is happening! I remember I was crazily happy when it was announced F1 in Malaysia. And it was only an hour drive to watch the race. Now, it will be even better - only 5 minutes drive!
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post #19 of 154 (permalink) Old 05-25-2010, 07:19 PM
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What would such a project cost? A few hundred mill? Didn't they spend a full billion in Bahrain (show offs!)?

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post #20 of 154 (permalink) Old 05-26-2010, 03:07 AM
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Great news, but I agree it's going to be a dicey project for the time frame. They better have the trucks on site today, laying down the asphalt.

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