News — The Austin Grand Prix

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Save The Ring!

Former "Ring Taxi" and BMW Motorsport driver Sabine Schmitz shows her love for the Ring. "Save The Ring" on Facebook.

// Save the Ring

Recently it was announced that Germany’s world-renowned Nurburgring, which has been in financial dire straits for some time now, is (going) broke.  A regular on the F1 calendar alternating with Hockenheim, the ‘Ring has been a worldwide motorsport playground since 1927.  Even though the circuit and the park around it have been publicly owned its entire existence, it was recently rented out to a couple of overzealous privateers, Kai Richter and Jörg Lindner, who unfortunately don’t know much about auto racing or more importantly, its fan base.  

Together they invested heavily in building a giant shopping mall, an oversized hotel, a 3,000 seat venue, and finally a theme park with a roller coaster that doesn’t operate properly.  Sadly, it came as no surprise to motoring fans in the know from the beginning to learn that their investment hasn’t paid off, as the new spaces largely remain vacant.  Even sadder is that a scrappy venture such as this that did not even directly involve auto racing is putting the ‘Ring on the chopping block.

If this longtime fan favorite is to remain on F1 schedule in the future, the track and grounds will have to be at least partially purchased to get out of the €350M hole it’s in.  The EU wouldn’t bail out the track even if it could, which begs the question - who can?  And more importantly – who will?  Some believe one of the giant automakers would be the perfect candidate.  Porsche and GM have been tossed around popular auto hangouts online…but why hasn’t anyone yet mentioned another obvious candidate?

Lately, F1 boss Bernie Ecclestone has been aggressively pursuing future additions to the F1 calendar, and paying the Nurburgring debt would secure its future in F1, at least for now.  Near the end of 2011, a 10-year deal was struck to add a race along the Hudson River in New Jersey starting in 2013, and Formula 1 has also very recently put in a bid to rent London’s Olympic stadium for a race in and around the venue in the future.  Plus Ecclestone already owns France’s Paul Ricard circuit - where F1 has raced in years past - so this would not be too big a stretch for him despite Nurburgring’s massive size. 

Although we believe the London bid to be a bit of a PR stunt considering the opening ceremony of the 2012 games is a mere 8 days away, it falls right in line with Bernie’s style given he’s often unpredictable in such matters.  Whoever the savior may be though, keep your fingers crossed that someone will pony up with a bailout so racing fans can continue to enjoy the famed Nurburgring.  After all, aren’t bailouts “in” these days?

Finally, here's why we need to save the ring:

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Austin Pit Stop - April 27, 2012

205 days until the Inaugural Formula 1 United States Grand Prix! Let's see what's going on in Austin.

// Austin Impact

 The pits at K1 Speed Austin!K1 Speed, the premiere indoor karting track with locations throughout the US, opened the doors of their first Texas location today. Based on the responses we've seen online, this is the Austin hot spot for all racing enthusiasts! Check out their Austin Facebook page for more details. Our friend, Caulen Lauria, got behind the wheel and set the current fastest lap time at 28.134. Here's what he had to say:

The track, the karts, the people, the organization and the atmosphere are fantastic! They were running a shorter track layout though to accommodate 5 races in an hour. The electric karts are wicked fun. K1 Speed is one of the coolest places in Austin!

Planning your Austin trip and wanting to create some truly memorable experiences? Check out the recently launched Formula Austin venture between Anne Fish and Andy Fish. I recently spoke with Anne at one of our events and her passion for Austin and excitement about F1 coming to town were infectious. Pit Pass even took notice.

Last week I attended the Formula Expo Launch Event and learned more about an Formula 1 expo planned for June 15-17 in Austin. We'll have more to share on this exciting venture in the coming week. In the meantime you can check out their website here.

Pre-asphalt is being laid down at Circuit of The Americas. Here's a sneak peak:

Pre-asphalt being laid on the incline to Turn 1 at Circuit of The Americas - April 20, 2012// F1 Rumblings

Were you planning to go to New Jersey next year? Some recent comments from Bernie have people checking their calendar - did he say 2014!? Read more here.

Tavo says he's still seeking ownership shares at Circuit of The Americas however McCombs says he's not selling.

Formula GP Experience with Circuit of The Americas and Pirelli TiresCOTA also announced a fun partnership with Pirelli tires, the exclusive tire provider for F1. They will go on a cross-country tour of sorts to share the excitement for our November race and offer exciting fan experience opportunities!

// Other Recent News

Last week we spoke to UT Marketing Students and co-hosted a lively networking event with EuroCircle. What will May bring? Stay tuned for announcements next week.

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Grand Prix of America - Port Imperial

 

This Tuesday, from a press conference on the shore of Weehawken New Jersey, the Grand Prix of America - Port Imperial was announced for the 2013 season.  New Jersey Governor Chris Christie, along with Weehawken Mayor Richard Turner, West New Jersey Mayor Felix Roque, and Leo Hindery, founding chairman and promoter, unveiled plans for the race.

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Keep Calm And Race On

 

There's some news breaking about "the future of grand prix racing in the United States" coming from Autoweek, saying that a special announcement will air on Speed TV this Tuesday.  Much of the speculation about this announcement is rumored to be involving a grand prix race in New Jersey, and expected to be for the 2013 race calendar.

While little else is known about this news, we expect it to attract much attention leading up to Tuesday's press conference, but don't expect any wild speculation on our part.  We don't foresee a project on the same scale that Circuit of the Americas is undertaking.

While I can say that a race across the Hudson River from New York city would be exciting, we'll have to wait and tune in to Speed TV at 2pm Eastern time this coming Tuesday, Oct 25th.

This announcement does not mean or even imply a cancellation of the return of the F1 USGP in Austin; all of our sources confirm that Circuit of the Americas is on track for a November 18, 2012 race.  So lets see what happens on Tuesday and until then, Keep Calm and Race On.

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