Bernie Ecclestone on Tuesday announced via his official website that the USA will host a round of Formula1 again from 2012 in Austin, Texas.

An interesting detail to note straight away is that rather then using an existing race track or building a street circut, a permanent race track specifically designed for Formula1 and other potential support race will be built from scratch.

Tavo Hellmund, from Full Throttle Productions who are the promoters of the event said “For the first time in the history of Formula 1 in the United States, a world-class facility will be purpose-built to host the event”. The designer of the circuit is yet to be named, however suspicions obviously point to Hermann Tilke who has created the majority of the recent modern Formula1 circuits.

Mr Tavo said in his official statement ““We are extremely honored and proud to reach an agreement with the F1 Commercial Rights holder. We have been diligently working together for several years to bring this great event to Austin, the State of Texas, and back to the United States. All parties involved have a great amount of trust and confidence in each other and are committed to establishing the F1 United States Grand Prix in Austin, Texas as a prestigious global event.”

The deal will see Austin host the GP through until atleast 2021, making the United states once again a permanent stop in the Formula1 calendar.