Costs Rise For Wizards' Practice Facility NASCAR Tracks Cashing In With Non-Racing Events Bypass To Put Its Hardware In Sports Venues San Diego Chamber Endorses Chargers' Plan Sources: Ballmer Wants New Arena For Clips Vikings Select Firms To Build New HQ LAFC Mulls HQ, Complex In Tustin Beaver Stadium Capacity Likely To Get Smaller Seahawks/Sounders Looking For Naming Rights Turner Field Area Could Become College Stadium
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).