With a media release received today, the organizers of Circuit of The Americas are suspending further construction of the project until a contract assuring the USGP will be held at Circuit of The Americas in 2012 is finalized.
“We have spent tremendous resources preparing for the Formula One and MotoGP Championship races, but the failure to deliver race contracts gives us great concern” Bobby Epstein, founding partner of Circuit of The Americas released in statement.
"It is in the best interest of all parties to reach a timely resolution", said Red McCombs, chairman of McCombs Enterprises and founding partner of Circuit of The Americas. Local businesses, "fans and the State of Texas are counting on us."
Up until November 15th 2011, all work at the Austin track has been progressing on schedule with over 300 workers on site daily. As of yet, the readiness for USGP has not yet been affected.
To read the full media release, click here
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