As reported here yesterday, Circuit of the Americas announced this morning that they will host a race on next year’s F1 calendar. In a photo finish, and after weeks of delays, missed contract deadlines and most recently a complete halt to work on the circuit itself, COTA has forged a new contract in a last minute deal with rights holder Bernie Ecclestone. The first purpose built F1 circuit in the United States brings back the sport to America after a 5 year hiatus.
“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 Bobby Epstein, founding partner of Circuit of The Americas and credited by founder Red McCombs for today’s outcome. “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.”
Details of the new deal have not been made public, and construction is set to resume immediately on site.
“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 COTA president Steve Sexton. “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 calendar of world class events.”