More official reports are emerging that the 2012 F1 calendar has been ratified by the FIA World Motor Sport Council at their meeting in New Delhi. This means the Austin Formula One race scheduled for November 16-18, 2012 officially remains on the calendar. This is also an opportune time to mention that it was never officially removed from the F1 calendar, despite rumors and gossip over the past month amidst what we believe to be heavy negotiations.

Official Press Release from the December 7, 2011 World Motor Sport Council meeting is here.

While we share in the excitement and relief of this announcement, it will be interesting to continue to see what announcements are made over the next 12 hours; it is 5 o'clock in the morning in Austin, Texas and we expect further details to emerge from Circuit of The Americas. What sort of deal was reached with COTA and F1? Was Tavo Hellmund involved? Will construction resume immediately? Is it feasible to complete the Circuit in time for inspection ahead of November 16, 2012? Have local hotel rooms been released for anxious travelers to book up?

As you've come to expect...stay tuned!

Nick Craw meets with Formula 1 United States team members as well as local, city and state officials and gave the project development plan his approval and a strong “thumbs up”. Nick Craw, ACCUS President for the US, Senate President of the FIA; Tavo Hellmund, Chairman of the Formula 1 United States; Peter Wahl, Managing Partner of Tilke GmbH. Taken 21 October 2010.