[E90SLAM]

American's new Formula One race track will cost an estimated $200 million to build while creating 1,200 temporary jobs.

According to Austin American-Statesman, confidential papers relating to the track, which were released to the newspaper after a request to open records, details several of the figures relating to the new F1 venue.

The track, which should have the capacity to 400,000-plus fans, will be 'built for an estimated $200 million' with the construction employing 1,500-plus workers.

Added to that, a further '1,200 temporary workers would be hired over Formula One race weekends. About 40 employees would work year-round at the track.'

As for money brought in to the economy, Full Throttle Productions, the company that is bringing F1 back to America, reckons the race weekend should generate $300 million for the local economy.

Austin is expected to host its inaugural grand prix in 2012.

http://planet-f1.com/news/3213/62974...k-to-cost-200m