Austin GP reveals backer and opens website

Posted on | Author Keith Collantine

The organisers of the 2012 United States Grand Prix have launched their official website and revealed details of one of the race’s backers.

Red McCombs, owner of a car dealer group in Texas and previously named one of the 400 richest men in America, has invested in the project.

He has been involved in other sports previously, formerly owning the San Antonio Spurs and the Denver Nuggets (both basketball teams) and the Minnesota Vikings (an American football team).

A site for the 2012 race has also been chosen which you can see below:

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Austin Grand Prix site map
Austin Grand Prix site map (click to enlarge)

According to the promoters:

The track will be located on a site of approximately 900 acres in southeast Austin along the SH 130 corridor near FM 812. The majority of land involved in the project is formerly known as the Wandering Creek property.

Tavo Hellmund, the man behind the project, said:

This project has been a tremendous. But for at least the next decade, Texas will host a global sporting event on an annual basis in a new world-class multipurpose facility. Knowing that our hard work is being rewarded and that my dream is becoming a reality is extremely gratifying.

It is a great honour to have Red McCombs and McCombs Partners as our primary investor and partner. Red?s success in business and the professional sports arena is legendary. Working together as a team and under Red?s direction, we will ensure that this project will make all Texans very proud and will benefit our great State.
Tavo Hellmund

McCombs added:

Bringing Formula 1 back to the United States represents the opportunity of a lifetime and one that any city in the world would want. The size and scope of an F1 event is comparable to hosting a Super Bowl and will bring substantial economic benefit to Austin, San Antonio and the entire State of Texas.

We know Tavo has a clear vision for developing Formula 1 into a major event with year-round opportunities. Over the past few years, he has built a solid business foundation and has assembled a great team ?ǣ one we are proud to be part of. We are ready to roll-up our sleeves and work alongside Tavo to make this project a huge success.
Red McCombs

Read more: F1 to race in Texas, USA in 2012