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A paver at the Formula One track (Ed Zavala/KXAN)

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Finishing touches on the F1 track

More than 300,000 expected at November race

Updated: Monday, 13 Aug 2012, 4:51 PM CDT
Published : Friday, 10 Aug 2012, 3:48 PM CDT

AUSTIN (KXAN) - It was one of the last on-site glimpses outsiders will have of the Circuit of The Americas before it is complete. The next time the public sees it, there will actually be a track there.

From now through at least September, crews will lay the pavement for the race. It will be a tight turnaround for November's event.

"It needs to be skid-resistant, very easy for cars traveling at high rates of speed to be able to travel over the surface,” said Julie Loignon, spokeswoman for Circuit of The Americas . "We are on schedule. We still have approximately 600- to 700 workers on site everyday."

Beyond those construction jobs, the site will eventually have 300 permanent positions, and the economic impact will bring an estimated 3,600 jobs to the Austin area.

“Our retailers, our restaurants and other business establishments stand to gain from the Formula One event,” said Rodney Gonzales, deputy director of Austin's Economic Growth and Redevelopment Office.

As many as 300,000 people will attend during one weekend. That is more than a third of Austin's entire population -- like shoving everyone at Austin City Limits Music Festival and a University of Texas football game into one place.

That crowd is expected to spend $245 million locally. The city should gain $6.1 million in tax revenue – a number that will likely increase in the future.

"What's happened is the race itself is locked in for 10 years,” said Gonzales. “But we don't know -- in 10 years, the race might be renewed, but without a doubt the track can be used for other purposes as well."
 


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