Austin GP reveals backer and opens website

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

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81 comments on Austin GP reveals backer and opens website

  1. Steve C said on 28th July 2010, 3:32

    Welcome to Texas. I hope ya’ll come down and say hey. I’ve been living in central Texas since 1967 and this is the biggest thing that has ever happened (sports wise anyway). Austin and central Texas is a wondeful place to live and I’m really looking forward to seeing F1 live.

    Here’s the track, I hope. It has 17 turns and is between 3.75 – 4.00 miles long, which would make it one of the longest on the circuit.

    http://www.f1newsaustin.com/2010/07/track-news/major-announcement-austin-f1-track-location-to-be-revealed-july-26th/

    The airport is close by and there is a major toll road right next to the purposed site. We’re pretty flat here but I understand it has at least a 100ft elevation change in the property. I’m saving my dollars now.

  2. Steve K said on 28th July 2010, 3:39

    His 1998 Vikings are probably the best team to not make the Super Bowl. Would have been an epic game against Elways Broncos. Instead their kicker missed a game clinching FG, his first miss that year. Atlanta tied the game and won in overtime. Elway killed Atlanta and retired (all from memory).

    I’m hoping IRL Boss Randy Bernard has already made a call to have an Indycar race there. Even if it is a support race I don’t think he would be affraid to put his cars on the same track. 2012 will be the first year with the new engine-chasis rules as well.

    • Charles Carroll said on 28th July 2010, 4:42

      GO PACK GO!

      Now that just blew my non-bias coverage about Red McCombs out of the water.

  3. Spinmonkey said on 29th July 2010, 0:47

    Hi Keith,
    To give you a feel of the local (Austin) media, specifically talk radio, most of the comments are related to why the tax-payers are helping foot the bill for the estimated $250M expense. The State of Texas has a “Special Events” trust fund where they give money to special events like concerts, games, etc, and are using some of it for the races. The naysayers don’t like the idea of tax money going to this and that’s all they’ve been talking about lately. I say “screw ‘em!” since this is exactly what the money is for. And they’re saying that the estimated influx of money from the event of $300M/year is way overstated. I just wanted you to hear what the local talk media is saying.

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