Jun.30 (GMM) The 2012 US grand prix is back on the right track after the Austin council signed off the Circuit of the Americas' Texan state funding.

After a vote was delayed last week and a dissenting new member was sworn in, it was feared a negative outcome could sound the project's death knell.

But local reports reveal that the council voted 5-2 in favour of the project receiving $25 million annually in state funding for the next decade.

It seems the next twist in the road will be efforts to move the race's provisional debut date, with the US grand prix currently paired with Canada in hot June next year.

"Mr Ecclestone has most of the say for when these races are scheduled," said project attorney Richard Suttle, according to the Austin American Statesman.

"If you ask my personal preference," added circuit president Steve Sexton, "I would prefer it be in the fall."

Latest F1 News - Mobile version

26 Feb: New Ferrari not quickest in field - Domenicali 26 Feb: Red Bull still best in 2013 - Tost 26 Feb: 2014 French grand prix 'possible' - Prost 26 Feb: Danica Patrick 'not interested' in F1 switch 26 Feb: Report - Gilles Simon working on F1 engine for Honda 26 Feb: Gutierrez plays down link to Carlos Slim 26 Feb: Caterham exhaust 'legal' insists van der Garde 26 Feb: McLaren replaces Mercedes-bound Lowe 25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report 25 Feb: Mercedes-bound Lowe to miss 2013 opener - report 25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda 25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013 25 Feb: New Ferrari 'much better' than 2012 - Massa 25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez 25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri 25 Feb: Williams removes controversial exhaust trick 25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia 25 Feb: Lotus to fight Red Bull for title - Gutierrez 25 Feb: Marussia 'ahead of Caterham' - Chilton 25 Feb: Sutil will not stay in F1 as test driver The latest F1 News - Mobile Version