The Circuit of the Americas could be out as much as $20 million in incentives from the governor’s office. The office informed COTA officials they missed a critical filing date for a human trafficking prevention plan in advance of the Formula 1 race last October. “The law is very clear that if a human trafficking […]
Major Events Trust Fund
Local and state funds from tax gains that pay for major events, such as Formula 1.
Posted inCity Council, Texas State Legislature
Council OKs X Games bid for major state funding
By a narrow margin, Austin City Council voted Thursday to endorse the application of the Summer X Games to the Texas Major Event Trust Fund for 2015 only. It also voted to remove the possibility that the X Games will be able to request a waiver of $150,000 in city fees. The vote was 6-4, […]