Just weeks following the conclusion of a rain-soaked United States Grand Prix at the Circuit of the Americas in Austin, Texas, certain details are coming to light that threaten the continuation of the event — and quite possibly operation of the facility as a whole.
One of the many pieces that keeps the event in Austin is the state’s Major Events Trust Fund, which has provided $25 million a year to race promoters since COTA began hosting Formula 1 in 2012.
It was believed the annual $25 million payment was assured for at least 10 years, for a total commitment of $250 million, to be paid by the State of Texas. However, a change in government and an audit of how the fund calculates major events payments has meant race organizers received just $19.5 million for 2015, or $5.5 million less than what was expected.
Motorsports coverage is rarely part of TTAC’s remit, but I would be remiss if I failed to mention the first Grand-Am race at Circuit of the Americas. It’s great to have another world-class track in the United States, and there was some great racing there this past week.
SgeffeFrom everything I’ve heard, this stuff was circling the drain before 2020, and the WuFlu was the fatal hit to the jugular!As has been noted, what will all of the purveyors of canapés, shrimp cocktail, and rent-a-bartenders ever do?And can someone please explain why the only place I can put a paragraph break in this commenting system is in the top comment, and not a reply? I think that’s why the comments on here are way down! (At least on an iPhone.)
Sckid213Now would be a good time for a REAL NAME for a new Acura model. This would be like if Caddy named the Lyriq "Allante." Why bring back bad memories.
ToolGuyHave you seen Honda's latest business plan? Neither has Honda.
JbawdenMy wife has a model 3 performance, its plenty fast, and while looks are subjective, I think it's nice looking. But, I stand solidly behind my comment that these are soulless appliances. Unprecedented performance cannot overcome what was lost when we remove ICE motivation. For the record I think BEV are great, I've owned one for almost 2 years, but let's stop drinking the unicorn kool-aid and pretending BEV are just as engaging as what they are replacing.
DwfordThe first all new Dodge in 8-10 years and it's a quick rebadge of an Alfa Romeo. And the people at Stellantis are mad at US??? They aren't serious about restoring Dodge or Chrysler.