The new circuit will be built entirely from scratch and will be used primarily for hosting Formula One race, as the contract was signed for a 10-year period of time – meaning from 2012 until 2021 – with Full Throttle Productions.
“For the first time in the history of Formula 1 in the United States, a world-class facility will be purpose-built to host the event,” announced the Formula One supremo on Tuesday, according to Autosport.
“It was thirty years ago that the Formula 1 United States Grand Prix was last held on a purpose-built permanent road course circuit in Watkins Glen, NY (1961-1980), which enjoyed great success.”
“Since then, F1 has been hosted by Long Beach, Las Vegas, Detroit, Dallas and Phoenix all on temporary street circuits. Indianapolis joined the ranks of host cities in 2000 when they added a road course inside the famed oval.”
“Lewis Hamilton won the last F1 United States Grand Prix in 2007, signaling the end to eight years at Indianapolis Motor Speedway. This however, will be the first time a facility is constructed from the ground up specifically for F1 in the US.”
Tavo Hellmund of Full Throttle Productions also showed his enthusiasm over managing to bring back the US GP to the fans of the North American continent (alongside the Canadian GP).
“We are extremely honored and proud to reach an agreement with the F1 Commercial Rights Holder. We have been diligently working together for several years to bring this great event to Austin, the State of Texas and back to the United States. All parties involved have a great amount of trust and confidence in each other and are committed to establishing the Formula 1 United States Grand Prix in Austin, Texas as a prestigious global event,” said Hellmund.
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