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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