Circuit of the Americas produced an $897 million economic impact to the Austin region from October 2013 to September 2014.
COTA has averaged an economic impact of nearly $700 million per year and has had a $2.8 billion cumulative impact on the region since it first broke ground in 2011.
These were three of the highlights economic consultant firm Greyhill Advisors announced Oct. 28 as part of a new study of the racetrack and special events center.
"COTA has turned out to be much more than a racetrack," Mayor Lee Leffingwell said at the news conference. "It's a job creator, a revenue generator and a destination for quality, year-round entertainment. These benefits to taxpayers result from racetrack construction that was solely funded by private investment. I commend COTA for its positive impact on our community and its contribution to Austin's emergence as an international city."
