planetf1.com

verbal contracts are not worth the paper they are written on (especially with a Mr BE )

Especially seeing as verbal contracts (by definition) aren't written down!

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The chief executive of the Circuit of the Americas said he was “not at liberty” to disclose which governmental organization had made a “verbal application” to Formula One to bring a yearly auto race to this city.

“I wasn't here, so I don't know that,” Jason Dial told reporters when pressed on the issue. Just prior to that, he had said, “What the statute states is it's an application, it can be verbal or written. And in this case, it was obviously verbal.”


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But statements by Austin city officials to the City Council in the first briefing on Formula One in June 2011 may complicate claims that a verbal application was made.


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Especially seeing as verbal contracts (by definition) aren't written down!

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As Express-News staff writer Nolan Hicks outlined through dogged reporting, event organizers for Formula One racing botched the process to qualify for state funding — and still received it.

The first step in the process calls for a local government or nonprofit organizing committee to submit an application to the event's site selection organization (a league, for example).

The problem is there is no evidence of an application. But not to worry; Combs' office has said there may have been an oral application.

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Attorney General Greg Abbott has issued an opinion stating the process has to be followed to receive state funds.

It also raises the question of just who is looking out for the public.

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Y'all see COTA in the Nissan Super Bowl ad?

[youtube]http://www.youtube.com/watch?v=Bd1qCi5nSKw[/youtube]

Being run clockwise?!

OBTW, not F1, but the IndyCar opener in Brazil was cancelled, so now they're looking for somewhere to kick off their season. Looks like one of the possibilities is COTA...

http://www.racer.com/indycar/item/11303 ... ncellation

Noticed that. I called it out "Look, it's Austin" and the people around me looked at me like I'm an alien.

Hmm...Rumor has it Elton John will perform during the USGP weekend at COTA.

On the heels of a disastrous Formula One race ... several sources are reporting that Jason Dial, president and CEO of Circuit of the Americas, is leaving that position, apparently the latest in a long list of track executives to have come and gone.
Dial was hired two years ago from the Tampa Bay Buccaneers, where he was the marketing director, to be the track president, assisting CEO Steve Sexton. A month later, Sexton was out, and Dial assumed the CEO title.

verbal contracts are not worth the paper they are written on (especially with a Mr BE )

The 2016 USGP is still listed as provisional and is subject to cancellation by the FIA.

Is the consensus that this is likely to get fixed or is the risk still high that the US will lose yet another grand prix?

My understanding is that the local government has agreed to re-assess the property to free up the $5m from property tax, and therefore the race will go ahead as planned. Here's a link to an article talking about it. Since Bernie is supportive of the race and won't cancel it unless he doesn't get paid, as long as the property tax reassessment isn't successfully challenged (and it seems like some people want to do so) they should be able to pay the money and there shouldn't be a problem.

At least, that's what I hope... Race of the year last year for me, and it would be a travesty if they lose the Grand Prix because of a hurricane that nobody could have controlled.