Only days after Formula One supremo Bernie Ecclestone hinted that there may be trouble with preparations for the 2012 US Grand Prix, work has ground to a halt at the Circuit of The Americas track in Austin, Texas.
Ecclestone responded cryptically when quizzed over progress at the circuit,
“Austin? I wouldn't want to put my money down that that will happen. I hope it will and we are doing our best to make it happen, but I wouldn't want to say yes.”
The problem is seemingly a simple one to resolve. The contract to hold the US Grand Prix has been made with a promotions company, Full Throttle Productions, on the understanding that it will be held in Austin.
The property developer has commenced construction on the circuit based on the same understanding that the race would be held there.
The problem is that the developer and the promoter haven’t actually sat down to nut out the deal and now the developers have refused to continue construction until a contract is in place.
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