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29 Jun 2011, 21:06 (Ref:2908256) | #876 | ||
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What other country would finance an event this way?
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Fast is not fast enough. |
29 Jun 2011, 21:07 (Ref:2908257) | #877 | ||
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unfortunately the greenback is not quite what it used to be...which actually means if the sanctioning fees are fixed at US$25mill US in about 10 years this might become the cheapest sanctioning fee in the world.
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29 Jun 2011, 21:08 (Ref:2908260) | #878 | ||
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Home, is where I want to be but I guess I'm already there I come home, she lifted up her wings guess that this must be the place |
29 Jun 2011, 21:21 (Ref:2908266) | #879 | ||
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Looks like a done deal. The mayor wouldn't support it if he didn't think it was over with. Duh.
Final. Austin city council approved environmental contract. Should be F1 racing in Austin. Last edited by ujoint; 29 Jun 2011 at 21:32. |
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Fast is not fast enough. |
29 Jun 2011, 21:53 (Ref:2908282) | #880 | ||
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Australia (twice for F1 - both Adelaide and Melbourne have had government funding).
Not to mention Australian Rules Football, Rugby league, Rugby Union, Olympic Games, various world championships in different sports, cultural events etc etc. Most have government support. Also China, Germany, Holland, France, UK, Brazil, Mexico, UAE, Qatar, Bahrain, India, Turkey etc have all had events fully or partially funded by governments (not necessarily motorsport). |
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29 Jun 2011, 21:59 (Ref:2908287) | #881 | ||
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Most big sporting events involve some degree of public funding in one way or another. Case in point the typical NFL thing of "build us a new stadium or we're moving to Los Angeles" ...
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29 Jun 2011, 22:21 (Ref:2908298) | #882 | ||
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"If you're not winning you're not trying." Colin Chapman. |
30 Jun 2011, 03:19 (Ref:2908365) | #883 | |
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In 2008 the raiders threatened to move again for a new stadium in Fremont. There are three big cities in the San Francisco Bay area and the one without any football or baseball team (San Jose) is trying to lure a team with the offer of building a new stadium for them.
I wonder how long the local government in Austin will be willing or able to subsidize an F1 event if they don't earn a profit? In a few years there could be an entirely new set of elected officials who have no desire to continue funding a race there. |
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30 Jun 2011, 03:40 (Ref:2908370) | #884 | ||
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30 Jun 2011, 03:44 (Ref:2908371) | #885 | |
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It might seem that way, but Mayor Leffingwell supported this project from the beginning and has been its most ardent backer of those in public office.
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30 Jun 2011, 03:47 (Ref:2908373) | #886 | ||
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30 Jun 2011, 03:50 (Ref:2908374) | #887 | |
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It was a long day today at Council Chambers, but it was definitely exciting and very much worth it to get to hear the mayor announce the final vote.
I want to thank everyone who helped in any way...and I think I can speak as well for Circuit of the Americas when I say that they thank you as well! |
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30 Jun 2011, 11:27 (Ref:2908510) | #888 | ||
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30 Jun 2011, 14:22 (Ref:2908622) | #889 | |||||||
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Best of luck to you on this project though. Last edited by Flyin Ryan; 30 Jun 2011 at 14:33. |
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30 Jun 2011, 14:57 (Ref:2908654) | #890 | |
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30 Jun 2011, 15:02 (Ref:2908658) | #891 | |
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If Spain can have two, so can America (in place of two in Spain). It's much bigger territory.
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30 Jun 2011, 15:14 (Ref:2908664) | #892 | |||
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"If you're not winning you're not trying." Colin Chapman. |
30 Jun 2011, 16:52 (Ref:2908722) | #893 | |||||
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Winner.
Congratulations. Is there some point there? Quote:
At any rate, wewillsee. From what I've heard, I feel good about the chances. Quote:
There are a lot of fans of F1 and other series here. I've met them by the truckload in the last year. Still, that's not the point. The crowd will come from all over. Of course, my point wasn't that this was F1 country. It's just that this area is a relatively untapped market for NASCAR (as it is for F1). That presents an opportunity to grow your fanbase (your market). It's not a negative. Surely the Frances, Smiths & Gossages of the world see that, too. Quote:
OK...wow. Is that supposed to be some kind special insight? I remember hearing and reading the EXACT same perception from Joe Schmoe fans all over the internet within hours of the announcement that F1 was coming here. He's merely spouting the conventional wisdom, which is often neither. Quote:
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30 Jun 2011, 17:12 (Ref:2908736) | #894 | |||
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But in Martin's dream scenario, what becomes of Austin? How would it look to potential east cost/west coast suitors if they saw the plug being pulled on Austin after only 10 years, provided it is viable for that long? I guess the "it won't happen to us" optimism may work on some but there are only so many flammable bridges out there. If you want to "conquer" the US, you have to be successful SOMEWHERE for more than a few years by building an initial base of new fans, growing that base by keeping them interested, providing a show that entertains compared to other options AND offering value if you want to compete against other series or sports. Not pillaging your venues by extortion helps a lot too. While I am not a fan of the Austin choice, it needs to be successful both attendance-wise and financially for everyone not named Tavo or Bernie for at least 5-7 years before anyone even dreams of adding more US venues. Only time will tell what will happen but history has a funny way of repeating itself. Last edited by Spritle; 30 Jun 2011 at 17:17. |
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30 Jun 2011, 17:50 (Ref:2908773) | #895 | |
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Does anyone know if the average Texan race goer is likely to spend the required $700 to make the event a sustainable proposition?
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30 Jun 2011, 18:12 (Ref:2908804) | #896 | ||
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I haven't done that math, but I've heard a lot of different estimates of how much money needs to be spent. Also, by whose method are you calculating "sustainability", and do you mean $700 a day, or $700 total? Either way, I doubt most people will be in Texas only for the race days. |
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30 Jun 2011, 18:47 (Ref:2908824) | #897 | |
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OBTW: Aussie V8 Supercars to Austin
It's official boys. http://www.statesman.com/blogs/conte....html#comments Holy ****. |
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30 Jun 2011, 19:39 (Ref:2908855) | #898 | |||||
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Yeah. What would they really be buying considering what it's looking to be like next year?
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Bernie Ecclestone is on record once saying that the problem with American promoters is they want to make money. For the United States Grand Prix in Austin to have any long-term stability, the race has to at some point break even. How does it do that when Bernie's company keeps the TV rights money (it did for Indianapolis' entire run), and ticket sales revenue as I demonstrated above will not cover the sanctioning fee either and will in fact be far less than Indianapolis. Sponsorship levels for both races will probably be more or less the same I'd imagine. The travel bills then were even shared with the Canadian Grand Prix as they did a North American swing, not sure that's possible this time, Austin in June or July isn't the most comfortable unless you're a native Southerner or a Mexican and are just used to it (a Pan-Am swing with Interlagos isn't as much in the way of savings as Montreal would be). One of the best things about auto racing in contrast to other sports in this country is it's not dependent on public financing like sports teams do with arenas and stadiums, so I'm against that just on principle. And to be successful long-term it can't be dependent on state sponsorship from the government because governments and politicians and their budgets come and go. All of this I stated is simple logic here. What is coming in in revenues has to match what is going out for this race to have a sustainable future. I am not a troll, I'm laying out all facts in these past two paragraphs. So where am I wrong in my analysis? Last edited by Flyin Ryan; 30 Jun 2011 at 20:07. |
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30 Jun 2011, 23:45 (Ref:2908975) | #899 | |
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Ryan, the answer is in what you posted. I'll let you figure it out.
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1 Jul 2011, 00:02 (Ref:2908986) | #900 | |||
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The facility here will make Long Beach look like a kart track... |
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