The addition of a second American formula one race will not affect the state funding of the 2012 US grand prix.
That is the claim of Texas comptroller Susan Combs, amid speculation the New York street race set for 2013 could endanger the $25m annually set aside for Austin’s separate event on a purpose-built circuit.

“The New Jersey race has no bearing on the Austin race,” said a spokesperson for Combs, according to the local American Statesman newspaper.

The spokesperson clarified that the funding would only be endangered if two events were scheduled in Texas.

But lawyer Bill Aleshire, an opponent of the Austin race, does not agree.

He said in a letter that the Circuit of the Americas will be “disqualified” from the state funding now that New York is also headed to the F1 schedule.

“By our state law, the Texas tax kickback is available if Texas has the only F1 US grand prix,” he wrote.

The Circuit of the Americas declined to comment.

There are fears about the ongoing involvement in the 2012 US grand prix project of the race’s promoter Tavo Hellmund.

Hellmund has been the driving force behind the Circuit of the Americas in Austin, Texas, scheduled to host its first formula one race next November.

But the slowing of construction work at the venue has been “noticeable” lately, according to the local Austin American Statesman newspaper.

And it is now suggested that the “promoter or management” could be changed after Texas comptroller Susan Combs this week wrote to F1 chief executive Bernie Ecclestone.

The letter was written after Hellmund reportedly asked Combs whether “a change in management or promoters” would affect the funding promised by the Texas government.

Ecclestone and Hellmund did not respond to calls or emails on Thursday, the newspaper said.

In the midst of reports that New York was Bernie Ecclestone’s favoured location, the sport announced late on Tuesday that Austin, Texas will in fact stage its first race in 2012.

The 10-year contract is for a “purpose-built” facility, F1 chief executive Ecclestone said in a statement, although details including an actual site, cost or race date were not released.

A report of the AP news agency said the venue would be built “within 10 miles” of Austin airport.

The promoter is Full Throttle Productions, headed by Tavo Hellmund, who Texas Comptroller of Public Accounts Susan Combs revealed has a “30 year relationship with Mr Ecclestone”.

“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,” said Hellmund.

“We realise that over the last 30 years there have been one or two missing pieces from the previous editions of the formula one United States grand prix,” he added.

Never on a purpose-built circuit, previous US grands prix have been held at Watkins Glen, Long Beach, Las Vegas, Detroit, Dallas and Phoenix.

Between 2000 and 2007, the famous Indianapolis Motor Speedway hosted the event, and spokesman Fred Nation on Tuesday questioned whether the “business deal” between F1 and Austin is a sound one.

“Since 2007, we have been asked many times about having formula one return, and our answer has been the same each time: if the business deal is right, they are welcome back.

“If such a deal is in place in Austin, we wish both the city and formula one success for a race in the United States,” he said.
(GMM)