The Formula One circus will return to the USA in 2012. A new permanent facility will be built in Austin, Texas which has been awarded the rights to hold a Grand Prix in a 10 year deal set to run from 2012 through to 2021.

Full Throttle Productions will promote the event and Managing Partner, Tavo Hellmund, said “We are extremely honoured and proud to reach an agreement with the F1 Commercial Rights Holder. We have been diligently working together for several years to bring this great event to Austin, the State of Texas and back to the United States.”

F1 supremo Bernie Ecclestone was intent on providing a lesson on US Grand Prix history, “For the first time in the history of Formula One in the United States, a world-class facility will be purpose-built to host the event.

“It was thirty years ago that the Formula 1 United States Grand Prix was last held on a purpose-built permanent road course circuit in Watkins Glen, NY (1961-1980), which enjoyed great success. Since then, Formula One has been hosted by Long Beach, Las Vegas, Detroit, Dallas and Phoenix all on temporary street circuits.

“Indianapolis joined the ranks of host cities in 2000 when they added a road course inside the famed oval. Lewis Hamilton won the last Formula 1 United States Grand Prix in 2007, signalling the end to eight years at Indianapolis Motor Speedway. This however, will be the first time a facility is constructed from the ground up specifically for Formula One in the US.”

[Source: Formula1.com]