Formula 1 developers may need more time | KXAN.com

Formula 1 developers may need more time | KXAN.com

The document also states the following possibilities for the Austin area:

  • $300 million economic impact annually
  • $600 million television viewers worldwide in 188 countries
  • Global “star power” presence, second only to the Oscars
  • 300,000 people attending the event over the weekend
  • More than 1,500 construction jobs
  • 1,200 temporary jobs associated with the Grand Prix event
  • 350 temporary jobs with each additional racing event
  • More than 400,000 annual attendance of other racing events, including MORO GP, NASCAR, ALMS, INDY CAR, Drag Racing & Vintage Car, Grand Am, AMA Superbike

Several other uses for the facility are mentioned in the document:

  • Alternative Fuel Automobile Research and Development Center
  • Motorsports Country Club Days
  • High Performance Driving Experiences & Schools (Porsche & Bondurant)
  • Professional Motorsports Team Testing
  • Film Industry Opportunities
  • DPS, Sheriffs, Swat & Local Police & Fire Department Training
  • Music Concerts
  • High End Auctions
  • Auto Manufacturer Testing & Corporate Team Building

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