The Circuit of the Americas has confirmed the United States Grand Prix will go ahead as planned this year.
The Austin race was thrown into doubt last year after the Texas state government reduced the subsidy it pays to the track to host the event.
The grand prix, scheduled for October 23, was listed as provisional on the 2016 calendar.
On Wednesday, however, organisers said the event will go ahead, and that 10-time Grammy winner Taylor Swift will perform on the Saturday of the grand prix weekend.
"We are so happy to confirm F1's return to COTA as well as Taylor Swift's headline performance," said COTA CEO Bobby Epstein.
"We can't think of a better way to mark this important five-year milestone for F1 in Austin.
"Since we first hosted this event in 2012, we have gained a lot of knowledge and insight that has allowed us to make significant annual improvements to the event that we are confident will continue to establish the Formula 1 United States Grand Prix as the standout race weekend on F1's calendar.
"By combining the excitement of Formula 1, the fun of the festival, and a full concert by Taylor Swift, we ensure fans can enjoy the greatest sports and entertainment event of the year.
"We're looking forward to welcoming visitors to Texas and the Circuit of The Americas, for what promises to be an amazing weekend."