I’m sure you have heard that Formula 1 is coming to Austin. Then a week or two ago, Formula 1 was in jeopardy. Well, now it’s a go! So if you have a business that would benefit from the success of Formula 1, you should be happy to know that the first race will be in 2012.
My real estate business in Austin can possibly benefit from the race since it will bring money to the area. This money will come in the form of travel, hotels, food, and real estate. Austin will be exposed to an international fan base, and some of those fans may decide to purchase real estate in Austin or the surrounding areas.
Downtown condos and hotels in Austin will be attractive places to stay since they are in the middle of the entertainment district and not too far from the race site. Homeaway.com and VRBO.com are popular Austin businesses that will benefit from people renting vacation properties. The race is on.
