According GranPrix.com, F1 commercial rights holder Bernie Ecclestone has concluded a 10-year deal for the US Grand Prix to return to the F1 calendar from 2012, at a new purpose-built venue in Austin, Texas.
After recent speculation about races in New Jersey and then at the Monticello facility in upstate New York, Ecclestone surprised everyone with the Texas announcement on Tuesday evening. He said: “For the first time in the history of Formula 1 in the United States, a world-class facility will be purpose-built to host the event. It was thirty years ago that the United States Grand Prix was last held on a purpose-built permanent road course circuit in Watkins Glen, which enjoyed great success.
“Since then, F1 has been hosted by Long Beach, Las Vegas, Detroit, Dallas and Phoenix, all on temporary street circuits. Indianapolis joined the ranks of host cities in 2000 when they added a road course inside the famed oval. This however, will be the first time a facility is constructed from the ground up specifically for F1 in the US.”