Formula One Group Hones In On Site, Track Designer
Those answers are beginning to emerge. Richard Suttle Jr., an attorney for Full Throttle Productions of Austin, the group behind bringing the race here, told the Statesman that it's "a safe assumption" that the land for the racetrack lies along the Texas 130 corridor. "We're just not ready to disclose it yet," he said.
Suttle also said that German engineering firm Tilke GmbH will design the Austin course. That's not too surprising, given that architect Hermann Tilke has built or redesigned several F1 tracks on this year's race schedule.
With those answers in place, there are a couple of important questions remaining: how much is the track going to cost and will the track be done in time to host a race in 2012?
Full Throttle managing partner Tavo Hellmund has said that money from private investors will be used to construct the track. That's encouraging, because estimates for building a track from scratch have been around $250 million.
But Texas legislators also approved $25 million per year in state money to support the race under the Major Event Trust Fund.
As for timing, the Formula One season runs from March to November, which means organizers have between 22 and 30 months to be ready for an event that Austin has never seen before. It also brings up an interesting question about scheduling. March in Austin is dominated by South by Southwest, so that's out. UT football season begins in September, so you have to be careful with weekend dates then, and also work around the Austin City Limits Festival in late September or early October. That leaves the summer months as the most readily available, but we don't have to tell you that it can get a little warm in June, July, and August.
That leaves April or May as the best fit for weather and no conflicting events, but that would also put race organizers under the gun to deliver on the short end of their timeline.
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