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LIVE FEED of Today's Austin City Council Meeting re Austin Grand Prix Funding

Austin City Council is meeting today to discuss water and wastewater funding as it applies to the Formula One site in Elroy, Texas. 

We have been advised that Items # 2 and 3 on the Agenda will be discussed at 1:30PM CST today.  You can watch a live feed of the meeting here.

We will also be live-tweeting on our Austin Grand Prix twitter account, which you can read and interact with us at, here.

More details to follow.



25 Million for F1 in Austin

Some conflicting news surfacing about how the new track will be funded.  KXAN claims (in the article just before) that no government money will be used, but Austin Business Journal has just released the following article outlining a $25MM per year agreement with the State of Texas.

Austin Business Journal - 25 Million for F1

We will continue to follow this and add more information as the story unfolds; as of this point, we can't be certain that KXAN was correct, given the ABJ article.  However, it's possible the City of Austin will not foot any of the bill and instead will rely on state funding, perhaps from Rick Perry's Enterprise Fund or from Kirk Watson's bill which created the Sporting Event Trust Fund, Motor Sports Racing Trust Fund and Other Events Trust Fund.

Money, Money, Money!