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Well I for one really hope this works.
I can understand the controversy about state funding in the current economy but I think the GP will put Austin on the world map, which currently it isn't, and that will be the benefit for taxpayers.
If you asked a European to name a city in Texas they'd say Houston first, or at a pinch and if they were a little older Dallas (because of the TV show). I bet hardly anyone would say Austin or even know it's the State capital.
I've been lucky enough to vist Texas many times and Austin is an undiscovered gem for me. I think it's slightly "alternative" nature will fit in really well with F1 fans and others if they only knew it existed. That's where I think the benefits will come from for the people paying for the tax breaks.
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