- Associated Press - Tuesday, June 5, 2012

AUSTIN, TEXAS (AP) - Tickets for the return of Formula One to the United States will go on sale June 10 for the November race in Texas.

The Circuit of the Americas said Tuesday that prices would range from $159-$499, with the highest prices for three-day, reserved grandstand tickets. The cheapest tickets allow access to grassy areas located around the track.

“Information provided by the public was crucial as we finalized prices,” Geoff Moore, the circuit’s chief marketing and revenue officer, said. “We received fan input from extensive customer surveys and through market research from other grands prix and comparable premier, international, multi-day sporting events.”

A new track is under construction outside of Austin for the race, the first for Formula One in the United States since 2007. Included in the price is a shuttle service to take fans to the track, located about 20 minutes from downtown.

Funding for the track came from private investors, with tax credits and support from state and local authorities. Financial backers include billionaire businessman Red McCombs, a founding partner of Circuit of The Americas.

F1’s presence in the U.S. will increase in 2013, the first in a 10-year deal that will put a race in New Jersey along the Hudson River waterfront across from Manhattan.

Austin may seem an unlikely destination for a Grand Prix event on a circuit that includes stops in Shanghai, Monte Carlo and Budapest. But with a metro-area population of about 1.7 million, Austin is about a 3-hour drive from Dallas, Houston and San Antonio.

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