Circuit bosses at the new United States Grand Prix venue in Austin could be facing a funding shortfall, after Texas’ senate blocked $US25 million in state funding needed to assist the development of the under-construction Circuit of the Americas.
Local news station KXAN is reporting that the state’s finance committee voted 10-4 in favour of diluting the money to other core infrastructure, education and health projects.
And the project certainly doesn’t seem to get the full endorsement of Texas senator Dan Patrick…
“At a time when people are stressed about their schools, stressed about their jobs, stressed about health care and nursing homes, for us to check off $25 million for race cars, I think we make people say ‘Where are their priorities?’,” he is quoted as saying.
“That $25 million would pay for 500 teacher salaries,” he added. “How can we explain to people we’re spending that money on race cars?”
The amendment, however, seems to only cover the senate version of the upcoming state budget, and not the version that will be signed off by the House of Representatives.
The report added that “most, if not all of the incentives” will ultimately be restored.