First time I had seen an article regarding the Texas F1 track in a business publication: Bloomberg's Business Week
" Formula 1 Racing Speeds to Texas:"
" The state is paying $25 million to bring Formula 1 to Austin—a move that's not sitting well with, for example, laid-off teachers "
" Texas, which is staring at an estimated $15 billion two-year deficit, plans to commit $250 million in state funds to promote Formula 1 auto racing over the next decade. The international racing series showcases the world's fastest cars—low-slung, sophisticated machines designed to rigorous specifications (hence the word "formula") that can clock speeds of more than 200 miles per hour. Although hugely popular across much of the globe, the sport never really caught on in the States, and F1 officials stopped holding races in the U.S. in 2007 "
Complete Article:
Formula 1 Racing Speeds to Texas - BusinessWeek