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Is COTA Living Up To Expectations?

Updated: Friday, April 11 2014, 07:36 PM CDT

Screaming engines are set to fill the air this weekend as the green flag drops on the MotoGP Sunday at the Circuit of the Americas in southeast Travis County.

It's the second biggest annual event at the track behind Formula One.

COTA claims it's a critical piece of the engine that pumps millions into the local economy. And developers promised the track would be worth about $400 million dollars a year.

According to the Texas Comptroller's Office, COTA has received $61.2 million in reimbursements from the State of Texas's events trust fund.

The world-class facility has claimed COTA-hosted events are projected to generate an annual economic impact of $400 million to $500 million, equating to $4 billion to $5 billion over 10 years for Texas.

Now two years have passed, is the track living up to its promise?

"We are filling out our calendar with things that bring large crowds," said COTA spokesperson Julie Loignon.

So far there are 200 events scheduled. That includes F1 which brings in $500 million alone every year.

And the newcomer X Games is expected to rake in $50 million yearly.

"We are in the second year for most of the races we are doing. X games is brand new. Redfest a country festival and a comedy festival is new this year," said Loignon.

The challenge COTA face now, Loignon says, is making the international events more popular in the U.S.

"Our job is to try to make sure that U.S. fans of sports entertainment know that these things are going on. They are every bit exciting as the races we've grown up watching," said Loignon.

But with 80 percent of the F1 attendees being from outside of Texas, it only helps push money into hotels and local shops.

Success or not? We will have to wait and see.

This weekend's MotoGP is just the first of several major events on the track's calendar this year.

Redfest is May23-25, X Games June 5-8 and F1 USGP Oct 31-Nov 2.

For more information go to http://circuitoftheamericas.com/calendar

By Christie Post

Is COTA Living Up To Expectations?


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Scores & Schedules

December 17, 2014 08:07 GMT

NBA

Tuesday's Games

Washington 109, Minnesota 95

Miami 95, Brooklyn 91

New Orleans 119, Utah 111

Memphis 105, Golden State 98

Dallas 107, New York 87

Oklahoma City 104, Sacramento 92

Wednesday's Games

Phoenix at Charlotte, 7 p.m.

Atlanta at Cleveland, 7 p.m.

Utah at Miami, 7:30 p.m.

Dallas at Detroit, 7:30 p.m.

Orlando at Boston, 7:30 p.m.

Brooklyn at Toronto, 8 p.m.

Memphis at San Antonio, 8:30 p.m.

Milwaukee at Portland, 10 p.m.

Indiana at L.A. Clippers, 10:30 p.m.

Houston at Denver, 10:30 p.m.

NHL

Tuesday's Games

Columbus 1, Detroit 0, SO

Florida 2, Washington 1, SO

Nashville 3, Boston 2, SO

Tampa Bay 3, Philadelphia 1

Toronto 6, Anaheim 2

Montreal 4, Carolina 1

St. Louis 5, Los Angeles 2

Winnipeg 5, Buffalo 1

Chicago 5, Minnesota 3

N.Y. Rangers 5, Calgary 2

Arizona 2, Edmonton 1, OT

Wednesday's Games

Ottawa at New Jersey, 7 p.m.

Boston at Minnesota, 8 p.m.

Dallas at Vancouver, 10 p.m.

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KEYE-TV Sports Team


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