Looks like Formula 1 will go ahead in America next year after Texas reach an agreement with F1 Management for a 10 year contracthttp://www.formula1.com/news/headlines/2011/12/12878.html
The Austin race will take place on November 18th 2012,being the penultimate race of the calendar
They still have a bit of construction to do for the race track and there have been a contractual row where all 300 workers were told to put down tools,but being nearly a year away it should not be a problem,we F1 fans are used to these deadlines for new circuits,and are always hearing similar stories
The Austin Texas race is the first of two American tracks due,because in 2013 F1 goes to New Jersey
The 20-race 2012 calendar begins in Australia on March 18 and concludes in Brazil on November 25
Circuit of The Americas will be the first purpose-built Formula One Grand Prix facility in the United States designed for any and all classes of racing. The master plan features a variety of permanent structures designed for business, education, entertainment and race use.
Its signature element will be a 5.5-kilometre (3.4-mile) circuit. Other support buildings will include a medical facility, 14 executive meeting suites, a conference centre and a banquet hall, as well as an expansive outdoor live music space. Future proposed amenities include a driving/riding experience, a motorsports driving club, kart track, grand plaza event centre and tower, and a trackside recreational vehicle park.
Edited for the shameless spelling mistake in the title of the thread