Red Wings Form "Deconstructed Arena" Concept Several Venues Considered For Temporary NFL Stay Experts Scoff At Proposal For Raiders' Stadium Redskins Making Additions To Practice HQ Nissan-Titans Deal At Least $5M Annually Tribune Weighs In On Wrigley Renovations Nissan Signs For Titans' Stadium Naming Rights Bucks Unveil New Court Design More Funding For OU Stadium Renovations Jaguars Add New Seating Options
SBD/November 1, 2012/Facilities
Circuit Of The Americas Ready For Inaugural F1 Race, But Attendance Concerns Linger
Published November 1, 2012
WAITING GAME: SPORTSBUSINESS JOURNAL's Tripp Mickle writes the decision to delay the F1 Grand Prix of America in New Jersey until '14 "brought an end to a turbulent, two-year effort that was punctuated by a back-and-forth exchange between" Grand Prix of America Exec Chair Leo Hindery and F1 CEO Bernie Ecclestone. Hindery "insisted the race would happen in 2013" while Ecclestone "regularly questioned the event’s viability." Their "battle was over one thing: money." Ecclestone said that Hindery "failed to raise the cash to pay race fees and got behind on payments." Hindery "insisted as recently as last summer that money was not an issue," but sources said that he "struggled to find enough investors for the project and his search was complicated by rising construction costs" (SPORTSBUSINESS JOURNAL, 10/29 issue).