Word: prix
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Despite the estimated 250,000 people that annually attend racing events at the circuit, the Watkins Glen Grand Prix Corporation has traditionally been plagued by financial trouble. In 1971, the corporation was forced to finance a renovation of the facility by selling the track to the Schuyler County Industrial Development Agency. The Agency then issued bonds and leased the track back to the corporation, which continued in the capacity of operator...
This August, faced with the potential loss of the Formula One race and already in debt to FICA for a substantial portion of the prize money from the 1980 race, the Watkins Glen Grand Prix Corporation field for bankruptcy. Obviously any chance the Corporation had of raising 1.2 million dollars to finance this year's race disappeared at that point, and FICA officially removed the event from the 1981 schedule...
...facility has continued to operate, with a hastily planned Indy-style race taking the place of the Formula One event this season, and a full schedule of races--minus the Grand Prix, naturally--on the tap for next year...
...Detroit that is in jeopardy," he says. "The reason is that FICA has upped its demands for prize money from 1.25 million to two million, and the organizers just can't pay it. Also, I think--and you have to check on this--that the Spanish Grand Prix and Austrian Grand Prix are off the 1982 schedule as well for the same reason. Two million dollars is just unreasonable--no track in the world will pay that...
...obviously somebody has, for the United States Grand Prix will take place as scheduled Saturday in Las Vegas...