Lower Tax Bill May Save United States Grand Prix: Report

#hashtags: #Americas #Texas #United States #Austin American #Statesman

Circuit of the Americas was given an unpleasant surprise last year when state of Texas cut its contribution to the United States Grand Prix’s sanctioning fees by $5.5 million. Fortunately for COTA, the Austin American-Statesman reports that a recalculation in the value of the venue itself may save the track millions of dollars in taxes.