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Questions about US Grand Prix future as Texas cuts funds
Texas Gov. Greg Abbott's office said Wednesday it is cutting nearly $6 million in funding for the United States Grand Prix, raising questions about the race's future just four years after Formula One put what many saw as a permanent footprint on American soil. Officials at the Circuit of the Americas, a $300 million track built specifically to host the race, have said they already took a major financial hit this year when storms nearly wiped out two days of the race weekend in October. Track officials said they were promised $25 million per year for 10 years from the state's portion of the Major Events Trust Fund, public money spent largely to pay Formula One's commercial...
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9y ago from F1Pulse.com
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