The FIA World Motor Sports Council announced after its Dec. 7 meeting that the U.S. Formula One Grand Prix at Circuit of the Americas in Austin, Texas, will take place in Nov. 18, as originally scheduled.
COTA founding partners Red McCombs and Bobby Epstein raised the funds and credit to appease Formula One Management head Bernie Ecclestone, and the construction crews are back at work preparing the partially built track for its Fall 2012 debut.
Red McCombs, chairman of McCombs Enterprises and founding partner of Circuit of the Americas, said in a statement according to Formula1.com, “[Bernie] Ecclestone received his check today. We want to thank the fans [for] supporting us, the local officials, and businesses that have encouraged us, the state of Texas, Circuit of the Americas’ staff and Bernie himself. I want to thank and commend [financier] Bobby Epstein for getting us across the finish line. Bobby’s perseverance and leadership kept the project on track despite unfair and unfounded criticism.”
