Tax figures not available for months
and other documents.
Combs sent a letter in August to City Manager Marc Ott saying the state would earmark $29.3 million for the event.
Messages to circuit officials weren’t returned Tuesday.
Although it will be months before reliable tax revenue figures are available, early indications are the event generated a considerable amount of additional economic activity.
The question remains, how much activity and did it match the pre-event estimates?
For example, the economic projections submitted by the race organizers estimated $52 million in hotel revenues related to Formula One over the seven days ending on race day.
According to statistics compiled by Smith Travel Research, which tracks hotel industry data, hotels in the Austin