I believe that's where all or most of the helipads will be located.WilliamsF1 wrote:HS,
What is happening in this neighbouring property?
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Circuit of The Americas today announced that it has been declared ready to host the 2012 F1 United States GP by Charlie Whiting, who directs racing, safety and technical matters for the FIA. Whiting visited the Central Texas racing circuit as part of a scheduled pre-race inspection and approved the circuit for “Grade 1” status, hence appropriate to host an F1 race.
I believe that's where all or most of the helipads will be located.WilliamsF1 wrote:HS,
What is happening in this neighbouring property?
Austin Examiner.comFormula 1 racing is coming to Austin and as the track and facilities take shape just outside of Austin, activity is beginning that will introduce and familiarize fans and motorsport enthusiasts with the excitement and an opportunity to learn more about Formula 1 racing.
Formula Expo™ in partnership with Circuit of Americas™ has announced the launch of the first public event in the run-up to the 2012 Formula 1 United States Grand Prix™. Formula Expo, set for June 16-17, 2012 at the Austin Convention Center, will be a multi-faceted event open to the public, which will provide families and motorsport enthusiasts the opportunity to connect to the race experience, history, technology and prestige of the Grand Prix.
“Formula Expo is a fusion of the top tier of motorsport and Austin culture and music,” said Ian Weightman, founder and president of Formula Expo. “We are thrilled with the support and interest being shown for this event, which will allow visitors to really understand why this is by far the most popular motorsport in the world.”
It's no surprise they'd answer by delaying, and imho, the statement begs more questions, as my co-admin asked:Pup wrote:This statement adds a smidgen of clarity to the ownership situation. Or perhaps it just raises more questions.
In a statement today, Julie Loignon, a spokeswoman for the circuit said, “One of the partnerships Mr. McCombs has invested in is Accelerator Holdings LLC, which holds a minority interest in the Circuit of The Americas. Even if Mr. Hellmund was to acquire his pro-rata portion of Mr. McCombs’ shares of Accelerator Holdings, that portion would represent an approximate 2 percent interest in Circuit of the Americas. As such, Mr. Hellmund could not influence the seven-member board structure or management of Accelerator Holdings, let alone the board, management team or operations of Circuit of The Americas.”
Loignon added, “The circuit’s ownership seeks to resolve Mr. Hellmund’s dispute through arbitration, which was outlined and agreed to in writing by Mr. Hellmund,”
“Yesterday, Red McCombs refused to honor the buy-sell provisions set forth in the company agreement,” Wetzel said in a statement. “Full Throttle Productions therefore intends to enforce the buy-sell offer and acquire Mr. McCombs’s interest.”
The statement continued:
“Earlier this week, Bobby Epstein confirmed in a letter to Full Throttle that he too is interested in acquiring a portion of Mr. McCombs’s interest. Whether or not Mr. Epstein follows through with his plan, Full Throttle will ultimately own at least one-third of Accelerator Holdings.
“According to information provided by Mr. McCombs’s legal counsel, this stake would in turn translate into a significant ownership interest by Full Throttle in Circuit of the Americas (COTA). This interest in COTA may actually be larger than expected, an issue that will be made clear only after the court orders Mr. Epstein and Mr. McCombs to turn over the company books, which they have refused to do voluntarily.”
SecondedPup wrote:I hereby move that we forgo the remaining 7 months of planned doom mongering and just enjoy watching the track take shape.
This is going to be an awesome course and race I think - and it's far time that we let the whole Hellmund/CotA saga stop coloring the discussion.
Would anyone like to second this motion? Can we treat this thread like we do the car threads, and limit it's discussion to track construction and progress? Can we make a deal amongst ourselves that we won't lace every news item posted with tidbits of personal propaganda? And if someone wants to continue to debate the politics behind the race or the machiavellian strategies of the owners, let them do so in a separate thread?
