Chili
Nitro Member
- Joined
- Jul 8, 2006
- Messages
- 1,633
- Age
- 51
- Location
- Littleton, CO
But I did say when the pandemic hit, we may lose some racetracks when the loss of revenue puts them over the edge. I don't know if that is the case here but let's hope this doesn't continue.
According to Susan Wade's article in Autoweek, the land was sold back in 2019 but the Angel family leased the land so they could keep operating the track until 2022. The lease expires after the national in 2022.Weren't their rumors that Houston was going to close several years ago. Or do I have that mixed up with another track.
There you go ruining a perfectly good narrative.The folks in Austin may be more liberal than other Texans but they're not dumb:
Circuit of The Americas' economic impact by the numbers:
- $5 billion: COTA's cumulative economic impact on the Austin metro area.
- $423 million: Direct visitor spending injected into Austin-area businesses during COTA events.
- $306 million: Annual payroll for Austin-area workers attributable to COTA's annual activities and operations.
- $53.2 million: State tax surplus created by tax revenue generated by COTA events
- $810 million: Economic impact attributed directly to COTA operations.
- $3.1 billion: Economic impact for all other major sporting events, including F1, MotoGP, X Games, and more.
- $36 million: Economic impact of concerts and events at Austin360 Amphitheater.
- $14 million: Economic impact of track rentals and other miscellaneous events.
- 46,100: Jobs supported by COTA's annual activities and operations.