Most liked posts in thread: F1 Coming to .... TX!!

Did Bernie agree to the discounted price of $25million again, hasn't it been mentioned that his normal price is $35million?? Would the state of Texas and the taxpayers being willing to spend $35million after the race?

Stick a fork in it.

 

Interesting read that puts all the players in place in one concise article.

Why Austin's Formula 1 failed: Tavo Hellmund, Bernie Ecclestone and the clash of super-rich, super-size egos

 

:eek6:

Sounds a lot like the whining millionaire NBA owners fighting with the whining millionaire players......:incazzato:

 

In summary:

The Devil (Bernie:devil hasn't received his due ($25million) from the corporate welfare (taxpayers:confused5 that the rich guys:goaljnky promised, because each one:ihih: wants it all....

 

Best photo ever!!! That shows the true Bernie for sure. :lol:

 

Formula One boss Bernie Ecclestone reportedly has given bosses for the Circuit of the Americas in Austin, Texas, an extra week to save the 2012 United States Grand Prix.

Ecclestone had insisted that Wednesday, Nov. 30, was the Circuit of the America’s final chance. Sources said the circuit’s Bobby Epstein and Steve Sexton met with Ecclestone in London to discuss a solution.

Circuit of the Americas has not signed the race contract offered by Ecclestone. Instead, its management drafted and returned a revised version believed to call for a lower sanctioning fee. Not surprisingly, Ecclestone told Autoweek that he was “not interested” in signing the revised version.

The extra week will push the decision all the way to the crucial FIA World Motor Sport Council meeting in Delhi on Dec. 7.

“The deadline hasn’t been met, so we are still trying to make it happen,” Ecclestone told the Associated Press on Wednesday. “They need to get some money and a pen. They are struggling to get the financial side sorted out.”

He added, “If it isn’t all signed before the World Motor Sport Council meeting, [the race] can’t happen.”



Source - Formula One: U.S. GP in Austin gets deadline extension from Bernie Ecclestone - Autoweek

 

Do they really think they can dictate anything, much less a contract to Bernie...and in public. This is laughable, Bernie will not budge an inch now if he ever would have. :crazy:

They need Bernie and F1 more than Bernie and F1 need them. Without an F1 race, the Austin circuit is little more than a pile of dirt.:nonod:

 

I mean, that sounds good now, but it'll end in tears. Just before race day Team A will take Team B to court to see who has the right to use the Yugo name. And then the umbrella girls will turn out to have been taught how to fake a low IQ score when they haven't really got it. And that rooster decoration - no way that came in under $500 limit.

So I'm not getting my hopes up.

 

Yeah but just imagine if they picked one of the F1 cars to be destroyed at the end of the race! (they always pick one to destroy). I'd pay good money to see that.... :biggrin5:

 

They're back???

I got the following email today:


For all Formula 1 fans and those who have supported the F1 Watch Parties be assured there will be a race in Austin in 2012.

The official word as of this morning:


FOR IMMEDIATE RELEASE
December 7, 2011

Formula 1â„¢ and Circuit of The Americasâ„¢ Ready to Roll

10-Year Race Contract

Brings F1â„¢ Back to the U.S. in 2012; Construction to Resume

Immediately

AUSTIN, Texas – December 7, 2011 – Circuit of The Americas announced today they have

reached an agreement with Formula One Management that ensures the Formula 1 United

States Grand Prix remains on the FIA Formula 1 World Championship race calendar.

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.â€

“Our investors have believed all along that this project has tremendous benefit for our region,

and provides a strong economic engine for the future,†stated Epstein, founding partner of

Circuit of The Americas. 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.â€

Engineering and construction teams working on the track will resume immediately, ensuring

completion for 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 alendar of world class events.â€

 

Sorry didn't see it posted in the other thread....ignore me...:mad2:

 

Bernie confirmed that the 2012 Austin race was a go after receiving payment, but how about after 2012?

You're a shrewd dewd, Bernie.

 

Good smooch on the far lefts derriere!:goaljnky

But there is no reason we can't be kind to the Earth whilst having a bit of fun, now is there?

 

All political commentary aside. Coming from a project that was focused on LEED certification for thier buildings there is a plus/minus to this.

Plus: Sustainable LEED buildings really do work. They reduce waste (electricity, water, gas, etc...). In essence: They use less "stuff" and keep the monthly bills low.

Minus: They are usually 30-40% more expensive to construct on the outset and depending on the size and business function of the building can add 10-20 years to the pay-back period of the initial investment.

Assuming a long-term facility (30-50 years before major remodeling or reconstruction) this will make good financial sense. Otherwise it's a bit iffy.

 

This is certain to spell a 30-50% higher price for a ticket. What a load a crap given this facility will likely not be used on a daily basis, thereby rendering the added investment for construction to be a waste of money. Probably an environmental road block that had to be met before project approval. Afterall, this is in the middle of Nowhere, TX.

Will I go, probably. :skep:

 

Tickets aren't going to be cheap. I'm gonna guess $700 per person for good seats. :nonod:

As far as I know LEED certification is not a requirement. Often there are long-term tax incentives offered both Federally and Municipally but I don't know if those apply here or not.

Austin isn't really the middle of nowhere...

 

Generally LEED certification is a good thing. Less energy for buildings means more energy for cars (disclaimer: getting certified is my new year's resolution). It's like spending more money for a MINI Cooper instead of just buying another Toyota Corolla. Plus in a place like Austin, it'll help with local permit approvals. And a lot of LEED buildings are able to qualify for special financing.