F1 » Austin splits opinion over cost of F1 return

The use of public money to support the latest bid to return F1 to the USA has found support and opposition in equal measure.

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Ian S - Unregistered

May 24, 2011 1:41 PM

There are always going to be naysayers in any project of this scope. More people around here are waking up to the imminence of F1 and it is generating a lot of interest. The addition of MotoGP is the icing on the cake. My spare room is ready for my F1 visitors next year and for the bike racing after that. This is a positive thing for Austin and who cares what some unknown local killjoy has to say about it?

Taz - Unregistered

May 24, 2011 1:48 PM

There will always be people with an axe to grind against most forms of motorsport, especially when times are tough.

These races need to start been more financially viable though, thats not the circuit owners fault though, it's Bernie & CVC milking them dry.

Spaghettieddie - Unregistered

May 24, 2011 4:00 PM

Hi CommodoreS,
Of course I am going!!! This is just a rubbish article so.....hope you and the family are well! Looking forward to Monaco as I love the race and the pool :)!! 5 classes left for my BS in IT! Started 2 on monday so that leaves 3 for the fall!! Its going well! Cheers!!!! Ed

pitstop - Unregistered

May 24, 2011 11:34 PM

To all you friends across the pond in case you are interested Kyle Busch MS are holding a garage sale this Thursday stuff includes hats and shirts and maybe even a pair of those boots too if you are lucky,i wish i could go.

G.Irish - Unregistered

May 25, 2011 12:47 AM

If investors have already poured $300 million into this project, an extra $25 million for the sanctioning fee should be chump change no? Especially since everyone is saying this will be a profitable event. If the promoters of this event are gun shy about paying the sanctioning fee, that suggests that they are not 100% certain that it will be profitable.

Whether the money was already set aside in a trust fund or not, it is going to be difficult to justify giving $25 million of public money to Bernie Ecclestone. Hopefully the Austin GP organizers have a plan B if the public money gets blocked.

hello moto - Unregistered

May 25, 2011 2:42 AM

I don't care that they are spending $25m in taxpayer money. I do mind that they are spending $25m in taxpayer money to help a foreign entertainment company penetrate the US market.

It is bad business and even shadier politics to use taxpayer money to buy foreign goods and services. Texas will be better off, but the US will not. This is cutthroat economic politics and it will bite us in the ass.

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