The United States Grand Prix is a motor race which has been run on and off since 1908, when it was known as the American Grand Prize. The race later became part of the Formula One World Championship. Over 41 editions, the race has been held at nine locations, most recently in 2007 at the Indianapolis Motor Speedway. The race is due to return to the F1 calendar in the 2012 season at Austin, Texas on 18 November 2012.
In August 2009, Formula One president Bernie Ecclestone remarked that there was no immediate plan to return Formula One to the US, vowing "never to return" to Indianapolis. Nevertheless, shortly before the first race of the 2010 season, Ecclestone continued to fuel speculation that a return to Indianapolis was not out of the question. In March 2010, Ecclestone announced plans to bring a Formula One race to New York City for the 2012 season. Ecclestone was quoted as saying the race would take place across the Hudson River in New Jersey, with the Manhattan skyline overlooking the circuit. In May 2010, plans emerged for a circuit to be built in Jersey City's Liberty State Park, but those plans were abandoned shortly thereafter. A race in West New York and Weehawken was later announced in October 2011. In May 2010, it was announced that Monticello Motor Club – a circuit complex modeled on a private country club near Monticello – had submitted a bid for the rights to host the race.
On 25 May 2010, Austin, Texas, was awarded the race on a ten-year contract, as Ecclestone and event promoter Full Throttle Productions agreed to a deal beginning in 2012. The event is being held on a purpose-built new track. German architect and track designer Hermann Tilke designed the new track on 800 acres (320 ha) of land to the east of the city. In July 2010, promoter Tavo Hellmund promised that the circuit would be one of the "most challenging and spectacular in the world" and that it would include a selection of corner sequences inspired by "the very best circuits" in the world.
On 15 November 2011, it was reported that construction of the circuit had been temporarily halted as the owners had not yet been awarded the contract to stage the race in 2012, following reports that Bernie Ecclestone had cast doubt on the race taking place. After Tavo Hellmund's contract was found in breach by Ecclestone  and a new contract was entered into between Formula 1 and the original track investors, Red McCombs and Bobby Epstein, the U.S. Grand Prix was confirmed to be held at the Circuit of the Americas in Austin on the original scheduled date in 2012. 
Since the new contract has been in place, the construction of the circuit has been on pace to meet the race date. FIA's Race Director and Safety Delegate Charlie Whitting said: "The progress that’s been made since the last time I was here is amazing. I think the guys here have done an awesome job. It really is fantastic, everything’s built to the highest quality, exactly as we expected, and I’ve got absolutely no complaints."