Formula 1’s US Return Takes Shape: Austin Track Location Announced, Key Investor Named

News I By Seyth Miersma I July 28, 2010

Organizers behind the return of Formula 1 to US soil have taken an important step today, announcing the location for the upcoming track facility, as well as identifying key players in the funding of the project.

The proposed race location is less than 20 miles to the southeast of Austin, Texas, near the community of Elroy. The land involved is a parcel of about 900 acres that had been slated to be a new, residential subdivision.

Adding a good deal of needed substance to the F1 plans in Austin, billionaire businessman Red McCombs has signed on as a financial partner in the venture. McCombs is known nationally for his ownership of NBA and NFL teams—the San Antonio Spurs, Denver Nuggets, and Minnesota Vikings have all been in his portfolio at one point or another.

McCombs seems relatively confident that the massive track build can be completed in time for a 2012 USGP in Austin, saying at a press conference yesterday, “I wouldn’t even have made an announcement if I wasn’t very optimistic that this will be completed and done.”
 

Tags:

The Guide to Road Racing: Winding Road Magazine's ultimate guide to getting your start in racing.

Table of Contents

Related Articles

De Tomaso Unveils the Production Specification P72

A Vision From 1965, Revived for the Future Affalterbach, Germany – May 14, 2025 – Today, De Tomaso Automobili proudly unveils the production specification P72,…

May 14, 2025
Aston Martin DBX S: A New Flagship for the Supercar of SUVs

A new flagship for Aston Martin’s acclaimed SUV, DBX Power raised to a mighty 727PS, backed by 900Nm of torque Lightweight options offer a reduction…

April 29, 2025
Radically Customizable and Affordable, Beautifully Simplified: The Slate Truck Redefines Personalized Transportation

Slate serves the consumer good. Slate is a new American company founded on a disruptive business model of simplifying the manufacturing process and removing unnecessary…

April 24, 2025
The Greenbrier Concours d’Elegance returns to America’s Resort May 2-4

WHITE SULPHUR SPRINGS, W.Va. — (April 23, 2025): The Greenbrier Concours d’Elegance, presented by Ferrari of Washington, returns to America’s Resort, The Greenbrier, May 2-4, 2025. Now…

April 23, 2025
2026 Kia K4 Hatchback Sets Foot in The Big Apple for Official Debut

Athletic and versatile: K4 Hatchback debuts as the athletic counterpart to the K4 sedan, featuring a distinctive floating roof design and versatile cargo space Spacious…

April 16, 2025

EMAIL SIGN UP

Get the latest driving and racing news straight to your inbox.

no thanks

Begin typing your search above and press return to search.