Austin's Formula One racetrack project has hit another speed bump.
Tavo Hellmund, once the face of the project, and his company, Full Throttle Productions, have filed a lawsuit against track investors Bobby Epstein and Red McCombs and various companies and managers involved in the $300 million project under construction in Travis County.
The civil suit filed in state District Court in Travis County does not specify damages but says Hellmund had an agreement for an $18 million buyout that was not fulfilled and that he was scheduled to make $500,000 a year for 10 years as chairman of the F1 U.S. Grand Prix.
The first race is set for Nov. 18....more
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