F1 Race Over, but Debate on Tax Subsidies Continues

The Formula One drivers have come and gone, and the helicopters that ferried well-heeled businessmen to Austin's new race track have fallen silent.

But the debate over providing as much as $250 million in tax subsidies to the race promoters is far from the finish line.

This past weekend's F1 race, the first held in the United States since 2007, drew more than 117,000 fans to the $400 million Circuit of the Americas track. And state officials have projected the event will pump more than $200 million into the Texas economy. 

But unlike Rangers Ballpark in Arlington ...

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