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DATE News (chronologically)
12/14/10
Track News
Austin Commercial selected as general contractor for Austin track
Formula 1 United States developers announced that Austin Commercial, a subsidiary of Austin Industries and one of the largest construction companies in Texas that specializes in civil, commercial and industrial construction, has been selected as the general contractor for the Austin racetrack venue. Austin Commercial joins the local and international team assembled for the construction of the world–class, multipurpose facility in Austin, TX, that will be home to the 2012 Formula 1 United States Grand Prix.

Austin Commercial, one of the largest general contractors in Austin, has an established presence within the Austin community with offices in place for over 25 years. As the general contractor for this racetrack, Austin Commercial will be responsible for the day–to–day oversight of the construction site and management of vendors and subcontractors which will account for as much as 95% of the overall contract value. Austin Commercial is a 100% employee–owned construction management/general contracting company with project experience that includes corporate headquarters, sports venues – arenas, race tracks, ball parks and recreation centers – health care, aviation, schools and universities and advanced technology.

“During this selection process we were fortunate to have the opportunity to work with many of the nation’s leading general contracting firms which made this a difficult decision. In the end, the depth of Austin Commercial’s local experience, diversity inclusion program and under–promise over–deliver record made them a solid choice,” said Tavo Hellmund, chairman of the Formula 1 United States Grand Prix. “We are pleased that Austin Commercial has joined the construction team and are confident that their years of general contracting expertise will ensure we continue to stay on track for the first event in 2012,” he said.

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