Track seeks cash for 4 races
Circuit gets city backing to ask state for up to $5 million in paybacks for events on 2013 slate.
Circuit of the Americas officials, aided by an Austin City Council vote Thursday, will seek what could be as much as $5 million from the Texas Event Trust Fund for four motor sports events next year. Separately, circuit organizers will likely seek a payment from the state for the November 2013 Formula One race.
The council voted 5-2 to in efiect sponsor the circuit’s application to the Texas Event Trust Fund for reimbursement of state sales, alcohol, hotel/ motel and car rental taxes that a later study would determine were generated by the four races. The city, according to Assistant City Attorney Leela Fireside, would retain all local taxes produced by the races. Get the latest news on Austin racing at