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F1 can't look to Austin for U.S. GP bailout, says mayor
The mayor of Austin said Friday that Formula One officials can't look to the Texas capital city for a bailout of the financially struggling United States Grand Prix. Mayor Steve Adler had suggested earlier in the week the city could explore options to aid the host track Circuit of the Americas, but then closed the door on a cash infusion from the city. Adler said the state of Texas should stand by any previous agreement with track officials, who say the deal includes a promise of at least $25 million per year for 10 years from the state's Major Events Trust Fund to pay Formula One for the right to hold the race. Gov. Greg Abbott's office confirmed this week it was cutting about...
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8y ago from F1Pulse.com
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