The Austin GP track is to be built on land originally earmarked for a residential development called Wandering Creek.
It is a 900 acre site near Elroy, to the east of Highway 131. The Statesman newspaper received confirmation from Bobby Epstein, an investor in Wandering Creek.
“I’m elated and hope this all comes to fruition,” said Epstein. “I’m highly optimistic that all the moving parts will come together” in time for the inaugural Austin race in 2012.
“I’m really excited about it, more as a Texan and an Austinite than a racing fan. It would really make a statement for Austin. I think it’s really going to be a big event for us.”
The paper quotes a local residents’ association respresentative, Cathy Olive, as saying: “We all feel like it would be the lesser of two evils. Are we excited about it? No. But it’s better than 2,000 teeny-tiny tract houses.”
More news later…