Circuit of The Americas is a new world-class motorsports and entertainment venue in Texas, located nine miles from Austin-Bergstrom International Airport and less than 15 miles from downtown Austin.
Circuit of The Americas is more than a track – it is designed to be the only purpose-built facility in the U.S. to host the FORMULA 1 UNITED STATES GRAND PRIX™ through 2021 and V8 SUPERCARS from 2013-2018. It will be the only FIA-certified Grade 1 track in the United States, and one of only 26 Grade 1-certified motorsports facilities in the world. The circuit currently holds exclusive rights in the United States to host a V8 SUPERCARS event.
The venue is expected to draw hundreds of thousands of fans from all over the world and be seen by approximately 30 million television viewers across the globe for the FORMULA 1 UNITED STATES GRAND PRIX™ while also hosting dozens of high-profile motorsports, entertainment and business events each year. CoTA will also serve as a leader in sustainability as it relates to major event venues and motorsports, through high-performance operations, design, research, education and partnerships.
CoTA-hosted events are projected to generate an annual economic impact of $400 million to $500 million, equating to $4 billion to $5 billion over 10 years for Texas. The CoTA-hosted FORMULA 1 UNITED STATES GRAND PRIX™ will attract as many as 300,000 people each Grand Prix weekend, with an estimated 80 percent of attendees coming from outside Texas.
NOTE: To date, State money has not been paid to the developers of Circuit of The Americas and no local community, including the City of Austin, is providing incentive funding to the developers. As is the case with the Super Bowl, NCAA Final Four and other large-scale events in Texas, the Formula 1 event is eligible for expense reimbursements from the state’s Major Events Trust Fund. This reimbursement is performance-based and may be applied for after the first event in November 2012. Any state reimbursement is based on the amount of incremental tax revenue generated by event-related activity that would not have come to Texas if the event were not here.