The site of the Austin F1 track c/o http://www.sutton-images.com

Some great news from Austin, Texas, just arrived in my inbox. The press release is pretty self explanatory, so I’ll let it speak for itself!

Austin Environmental Board Unanimously Approves The Formula 1 United States Grand Prix™ Site

Austin, TX – November 5, 2010 — Developers for the Formula 1 United States Grand Prix™ today announced that the Austin Environmental Board unanimously approved the site plans for the future Formula 1 United States Grand Prix venue, in a 6-0 vote, that is scheduled to host its first event in 2012. This week’s City Hall vote with the Austin Environmental Board (considered the most difficult of the permits) is one of the last few hearings the Formula 1 U.S. Grand Prix developers will need from city/county boards and commissions to begin construction of the world-class facility.

“This project is on track,” said Richard Suttle, an attorney for the F1 promoters. “In fact, the development plan is right on schedule. And, with the help from the city and county, we’ve been able to not only stay on track, but may even be ahead of schedule,” he continued.

“Meeting with city officials to ensure the future facility meets all environmental and zoning requirements is not only standard procedure to move this project forward, but also an opportunity for us to show that we are committed to partnering with city officials in the construction of this international venue,” said Suttle.

“We are pleased with the unanimous approval from the Austin Environmental Board and know that the site will continue to remain on schedule for the 2012 opening,” Formula 1 United States Grand Prix Chairman Tavo Hellmund said.