[Sly Fox]

I know Formula One doesn't get a lot of attention from you guys in NASCAR country. But I have to admit that I have been rather jazzed about the F-1 speedway under construction in Austin to bring the series back to the U.S. after the Indy debacles a few years back. It looks like just a year out from the first scheduled race that there is a hiccup ...

Construction of F-1 race track in Austin suspended

By PETE HOLLEY, HOUSTON CHRONICLE
Updated 01:26 a.m., Wednesday, November 16, 2011

Organizers of Circuit of The Americas, a Formula One race track being developed in southeast Austin, are suspending further construction of the $300 million facility due to a dispute over racing contracts, officials said Tuesday.

A contract between Circuit of the Americas and Formula One to hold races at the facility for a 10-year period beginning in November 2012 has not been delivered to Circuit officials, organizers said in a news release, noting that a previously agreed-upon timetable had not been met.

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The Red McCombs referenced in the story is the former owner of both the Spurs & Vikings and big time partner ClearChannel. He doesn't take contractual concerns lightly.

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Apparently the New Jersey date is still looking positive.