The track that is to herald the return of F1 to the United States in 2012 has been officially baptised the 'Circuit of the Americas' - with the promise that it will be a world-class, multi-purpose venue 'for performance, education and business'.

The United States Grand Prix Group has revealed that the purpose-built facility in Austin, Texas will feature a variety of permanent structures designed for racing, business, education and entertainment. It has also been confirmed that the Circuit of the Americas will play host to MotoGP from 2013 [see separate story - click here].

The signature element will be a 3.4-mile circuit with the ability to welcome 120,000 fans, whilst the panoramic Grand Plaza - an expansive outdoor space - will set the stage for live music performances.

The main grandstand plan includes luxury suites that can be used for business entertaining, whilst with a capacity for nearly 750 people and a commercial kitchen and caf?, on non-race weekends, the media centre will host business conferences, seminars and receptions. Fourteen executive suites will also be able to cater to up to 75 people each, and will be available for hospitality purposes.

The paddock building will double up as a 500-person banqueting hall on race weekends for events such as private or corporate dinners and non-profit fundraising galas, and a 5,400sq ft medical building is being built for year-round use as a training facility for area emergency care professionals and medical school students - and, of course, as a trauma care unit on race weekends.

Future proposed amenities include a driving/riding experience, a motorsport driving club, a kart track, a Grand Plaza event centre and tower and a trackside recreational vehicle park.

"We are building a destination for entertainment and business, not simply a racetrack, and this brand reflects that entire idea," underlined Tavo Hellmund, managing partner of Full Throttle Productions, L.P. and chairman of the Formula 1 United States Grand Prix. "Racing days will account for a total of about 30 days a year, but great performances and winning ideas will be inspired by this brand every day."

"One of the most inviting aspects of the name is the word 'Americas'," added Red McCombs, founding partner of the facility. "It reflects Austin's ideal location at the crossroads of North America from north to south, east to west. Also, it speaks to our state as a centre of commerce and cultural exchange in this hemisphere. I look forward to meeting many fans and visitors who will be coming from every country."