In a pointed and sometimes emotional news conference Thursday afternoon, Tavo Hellmund, the man who brought Formula 1 to Austin 18 months ago, stated his case and tried to explain how Austin's Formula 1 Grand Prix plans went so wrong, so fast. Here are his words:
“In late spring amongst our partners, we had a view of thinking of a different direction of the way things should go. That happens, and no one’s right or wrong. That created the current friction, but nothing that would derail the project.
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It is a mess all around.For the life of me I cannot understand what FTP and COTA thought they were doing.This sentence makes no sense to me at all.
"It’s not anybody’s fault that the project has been underfunded. No one’s done that intentionally, but it sounds like maybe that’s not the case now, and I hope everything will move forward.”
Of course its someones fault.Any one undertaking a construction project of this size would have at least two cost estimates carried out before they even considered starting work.
Any competent construction cost estimating company should be able to put a cost of + - 5% to it.
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Wow! I am an avid fan of this F1 racing. I do really love to watch this thing because of the high speed racing cars that is running hot as hell like on the track. Great!
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