http://en.espnf1.com/f1/motorsport/story/23364.html
Highlights from the article:
1. Financial penalties if the race doesn't occur in 2012
2. No one can seem to dig up the records of any land purchased for this event
3. No one can seem to dig up who the financial backers are
4. Tavo Hellmund's response (the promoter):
Quote:
"Why is that anybody's business?" added Hellmund. "I've got a big group put together that is world class, well known, and a lot of them are going to want to stay anonymous."
I was betting this would not occur in 2012, but now I'm going to double down. This has the same smell as US F1.