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F1: Austin Track To Cost $180 Mil
The price tag for a Formula One track in Austin is revealed...
Adam Cooper  | http://www.speedtv.com  |  Posted August 04, 2010   Balen (BEL)
Tavo Hellmund is willing to step away from the US GP project in Austin, Texas. (Photo: Adam Cooper, SPEED.com)
The Austin F1 track will cost $180m to build, according to documents given to the Statesman newspaper.

The paper requested information on the project and despite them being marked ‘confidential,’ they were released by City Hall.

Aside from quoting the cost of building the track, the documents contend that the project will require 1500 construction workers, and that 1200 people will be employed over the Grand Prix weekend. There will also be 40 full time employees at the venue.

The documents also suggest that the race will have a $300m impact on the Austin area.

Other activities expected to keep the track busy for up to 250 days a year include testing, alternative fuel research (as previously outlined here), driving schools, police training, music concerts and “high-end auctions.” There is also mention of NASCAR and drag racing events.

Adam Cooper notched up his 25th season as a racing journalist in 2009. Born in London, England, he saw his first F1 race at age 10 in 1976. He began freelancing for Autosport magazine in 1985 and was on the fulltime staff from 1987-92. He then went freelance again, initially spending two years in Japan before following the 1994 Champcar series from a base in Indianapolis. He has not missed a Grand Prix since Suzuka ‘94, a run that has extended to Abu Dhabi ’09. Adam has written books about Eddie Irvine, Piers Courage and Michael Schumacher and hosts a race preview show on Sirius XM. He has written about F1 for SPEED.com since 2005. Check out Adam's Blog or follow him on Twitter

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