Construction of Texas F1 circuit ‘to begin in December’
Work to build Formula 1’s newest circuit in Texas is set to begin in December of this year.
Local press are reporting that the construction of the circuit will commence before the end of the year with completion expected by June 2012 -just weeks before the race is due to be held in Austin.
Tavo Hellmund, the man behind the Texas bid for the US Grand Prix, won a 10-year deal earlier this year but has remained tight-lipped about where the circuit will be built and how it is being financed.
Hellmund said at Silverstone that an announcement would be made on the circuit’s location, but it has yet to be confirmed.
He also claims to have acquired the $250m to build the circuit “somewhere close to the airport”, but has failed to name his investors.
There was a lot of excitement back in May about where Formula 1 would turn to in its US return, with a number of current circuits mentioned including Laguna Seca and Montichello.
Few, however, would have anticipated the announcement from F1 supremo Bernie Ecclestone that a race would be held in Austin, Texas, on a circuit yet to be built.
With construction not due to begin until December, Hellmund’s project has no room for delay in construction if it is to form a June double-header with the Canadian Grand Prix and provide the spectacle that has been promised.
Should Hellmund fail in his bid to provide a US race for 2012, perhaps Ecclestone will seek alternatives and love it or hate it, we know Indianapolis can be ready.