About the Author
Mike Kanin is the Publisher of the Austin Monitor. As such, he doesn't report on much--aside from the workings of the Monitor--any more. In his previous life as a freelance journalist, Kanin has written for the Washington City Paper, the Washington Post's Express, the Boston Herald, Boston's Weekly Dig, the Austin Chronicle, and the Texas Observer.
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COTA: $1 billion in economic impact
As has been widely reported, a consultant hired by Circuit of the Americas reports that the facility is responsible for $897 million worth of economic impact on the Austin area. According to Greyhill Advisors, that figure includes events held at the track, including music performances and other sporting activities. However, Greyhill put the F1 event — its headliner — at $507 million. All told, the combined direct “visitor spending” for track events was worth $423 million.
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