Formula 1’s Grand Prix – considered the World Cup of motor sports – was last held in the United States in 2007, but its profile has continued to heighten on this side of the Atlantic since the announcement last spring that the 2010-2021 GPs will be held in Austin, Texas.

Some within the racing community were surprised that Austin won the honor of hosting the event, especially since the United States doesn’t even have a Formula 1 team. But no one denies that the vibrant Texas capital known for its tech companies and movie-star residents was an excellent choice – if for no other reason, because Texans were prepared to stack their money on the table to bankroll the venture. State legislators, recognizing the international cachet and income Formula 1 would likely bring to the area, pledged $250 million in taxpayer-backed funding for a purpose-built, state of the art Formula 1 track.