Austin race founder Tavo Hellmund issud a short statement last night in response to the news that work had stopped at the Texan venue.
Hellmund has been in dispute with the organisation charged with building the track and running the race. His Full Throttle Productions company owns the contract with Bernie Ecclestone and COTA has been trying to get a new one.
Speaking through FTP, Hellmund said: “After years of effort in getting F1 to Austin, Full Throttle Productions and city, county and state officials have done all we could. It is the responsibility of Circuit of the Americas to bring it across the finish line. For the sake of everyone, we are hopeful that they can reach an agreement with Formula 1.”
Adam Cooper F1 
Tavo has no money in the project. The track is being built and he owns the right to the race itself. Tavo is the one who is greedy here not CotA. If this falls thru, it’s going to be his neck because HE couldn’t close the deal.
you may have something there Steve!
I dont know but I sure hope they can find a solution!
All participants in a business venture need to know what they are getting into. Most F1 races do NOT make money to anyone but Bernie. In the longer term they may break even if you look at what it brings to the local economy. They were trying to piggyback Nascar and MotoGP into the equation using the states $250M.
If it was such a great deal why did the state need to be involved?. India did it with private funding.
an ill conceived venture in a location that does not have a dense enough population to sustain such a race.