The Austin American-Statesman’s Dave Doolittle has the full story.
The lawsuit, you’ll recall, targeted the $25 million in state money, from the Major Events Trust Fund, that will help pay for the Formula 1 race’s fees. (I.e. to line Bernie Eccelstone’s pockets.)
Plaintiffs complained that the state’s comptroller promised the money to the Circuit of the Americas, which will play host to the race, before legally allowed to do so.
It’s sort of a chicken-egg/egg-chicken thing. But for now it doesn’t matter. Of course, from the sounds of the Statesman’s initial story, the trio of plaintiffs are holding out the possibility they will re-file it or file something else.
For now, though, a good bit of news for a Friday.