The United States Grand Prix will remain on the 2016 Formula 1 World Championship calendar, officials representing the Circuit of the Americas have confirmed.
The event was initially listed as ‘provisional’ on the final version of a record-breaking 21-race schedule – “subject to agreement with the promoter and the ASN [National Sporting Association]” – after the venue’s subsidy funding from the Texas state government was slashed from $25 million to $19.5 million in the wake of last year’s event which was dramatically affected by heavy rain.
The confirmation that the venue can indeed pay for the fifth running of its Grand Prix came after a process that involved a re-evaluation of its tax structure and a few lawsuits. The Grand Prix will take place on the weekend of October 21-23.
“Since we first hosted this event in 2012, we have gained a lot of knowledge and insight that has allowed us to make significant annual improvements to the event that we are confident will continue to establish the United States Grand Prix as the standout race weekend on Formula 1’s calendar,” Bobby Epstein, Chairman and CEO of Circuit of the Americas, said.
The announcement also came with the news that the Grand Prix’s off-track entertainment will be headlined by Grammy Award-winning singer Taylor Swift in what officials claim will be the biggest concert in Austin’s history.
Swift’s fanbase is not one typically thought to hold an interest in Formula 1, so it is an odd choice for a promoter.
Images via Playbuzz and Red Bull Racing