It’s race week in Austin, TX — and that means Formula 1, not NASCAR, at the three-year old Circuit of the Americas. Right of time, Motorsports offers up a look at the tracks financial situation, which might best be described as “complicated.” On the one hard, CotA is claiming vast economic impact figures — 9,100 jobs “supported” each year by events at the track and $306 million in wages paid “resulting from COTA’s presence” — in order to get state incentive money while at the same time claiming the track is losing money and the valuation for property taxes is way too high. OK…
by Michael Lowrey