The Formula 1 United States Grand Prix™ Comes to Austin
Formula One World Championship Limited and Formula One Administration Limited (together, the F1 Commercial Rights Holder) and Full Throttle Productions, LP, promoter of the Formula 1 United States Grand Prix™ have announced an historic agreement for Austin, Texas to serve as the host city of the Formula 1 United States Grand Prix™ for years 2012 through 2021.
“As many Americans know, Austin has earned a reputation as one of the 'it' cities in the United States,” stated Tavo Hellmund. “Austin features that rare combination of ideal geographic location and beauty. Its fine dining, world-renowned hospitality and excellent transportation infrastructure make Austin ideally suited to host and manage an event of this magnitude. Few cities if any in America could rival the connectivity of all these key elements needed for hosting a Formula 1 event as well as Austin.”
Now, many people around the world will have the opportunity to experience a world-class event, facility and city. “We are pleased Texas has the opportunity to be involved with Formula 1 and that an event of this magnitude is coming to Austin,” said Susan Combs, Texas Comptroller of Public Accounts. “It has been a pleasure working with Full Throttle Productions, LP and Mr. Hellmund on this project. Their tradition of producing successful major events coupled with a thirty year relationship with Mr. Ecclestone has us looking forward to this worldwide event and the benefits it will bring, including local job creation, increased tourism and a significant economic impact added to our state economy. The visibility and prestige of this event will spotlight our state on an international stage.”
Texas Governor Rick Perry conveyed his enthusiasm for the project, explaining Texas' relatively strong economy continues to draw both national and international attention and I commend Comptroller Combs for her work in bringing this exciting event to the “Lone Star State.”
City of Austin Mayor Lee Leffingwell continued the positive sentiments, adding “The City of Austin will be proud to host this magnificent event and I look forward to welcoming the participants and fans of Formula One to our City.”
Understanding the Sport
Formula One, also known as Formula 1 or F1, and currently officially referred to as the FIA Formula One World Championship, is the highest class of single-seater auto racing sanctioned by the Fédération Internationale de l'Automobile (FIA). The "formula" in the name refers to a set of rules to which all participants' cars must comply.
The F1 season consists of a series of races, known as Grand Prix, held on purpose-built circuits, and public roads. The results of each race are combined to determine two annual World Championships, one for the drivers and one for the constructors, with racing drivers, constructor teams, track officials, organizers and circuits required to be holders of valid Super Licenses, the highest class racing license issued by the FIA.
Formula One cars race at high speeds, up to 360 km/h (220 mph) with engines revving up to a formula imposed limit of 18,000 rpm. The cars are capable of pulling in excess of 5 g on some corners. The performance of the cars is highly dependent on electronics (although traction control and driving aids have been banned since 2008), aerodynamics, suspension, and tires. The formula has seen many evolutions and changes through the history of the sport.
For more information on the sport, visit the Official F1™ Website>>