2012 US GP in serious doubt

By on Thursday, November 17, 2011

Susan Combs has no idea whether the will be a race in Austin

Texas Comptroller Susan Combs said today that there is too much uncertainty for the state to advance $25 million for the project even if Texas investors and Formula One boss Bernie Ecclestone patched up their problems this week.

According to an interview published on statesman.com, Susan Combs insists that she has no idea what is going on behind the scenes despite the fact that she and promoter Tavo Hellmund had met many times during project talks.

"That’s the promotion side. You’re now switching to the construction side. That’s a different universe. And I really haven’t, I haven’t talked to those guys. I don’t know what they’re doing."

She said she hasn't talked to anyone for months and believes that it is not the state's job to save the grand prix.

"I have no idea [whether we will have a race or not]. The state has no role in saving something like this. Our role is, if we get an application in, we take a look at it. But this is their job," said Combs.

"Look, Houston could apply for this. Dallas could apply for this. We don’t get in there and try to save a particular project. That’s not appropriate for the state to do that."

When asked whether a performance bond from the circuit investors would be enough to advance the money, she said it wouldn't.

"Because New Jersey came in. And that was something else. And again, the construction, I don’t know whether they can get it done on time. I think there is now some date uncertainties. Again, I would not feel it would be prudent for this office, if you showed up this afternoon to do it.

"So we will not be disbursing money in advance," she continued. "It’s not a problem for them, I don’t think. That’s not a sticking point for them. I don’t think the state has any part to play in whatever their controversies are, which I don’t know what they are. I really don’t."

Construction works on Austin circuit had stopped last week after a contract dispute between the promoter and Bernie Ecclestone.


If you liked this post then share it with your friends on social media websites. You can also follow us on Facebook and Twitter to stay up to date with the latest F1 news.