CHAMPCAR/CART: Economic benefit of Monterrey Grand Prix

SAN FRANCISCO, CA - - March 1, 2001 - - The Tecate Telmex Monterrey Grand Prix presented by Herdez, the first race on the 2001 FedEx Championship Series schedule, will not only be one of the most exciting stops of the season, but will also bring...

SAN FRANCISCO, CA - - March 1, 2001 - - The Tecate Telmex Monterrey Grand Prix presented by Herdez, the first race on the 2001 FedEx Championship Series schedule, will not only be one of the most exciting stops of the season, but will also bring significant economic benefit to the city of Monterrey, Nuevo Leon, Mexico and the surrounding area.

To create the proper environment for the race, the organizers of the Monterrey Grand Prix had to make improvements to Fundidora Park and construct the track. Improvements included the planting of more than 14,000 trees, 30 thousand square meters of grass, and the construction of a huge 2.5-acre lake.

The project generated approximately 4000 direct and indirect jobs.

The local economy will also benefit from the Tecate Telmex Monterrey Grand Prix. More than 120 companies will receive direct economic impact from the CART race in Mexico with an estimated $35 million (US) being spent on peripheral services. Among the businesses benefiting will be the hotel industry, which for the first time will be at 100% capacity.

Additional economic impact will be derived from the worldwide media coverage the city of Monterrey will receive. The Tecate Telmex Monterrey Grand Prix will host media representatives from major newspapers and magazines from around the world and be viewed on television in 197 countries. This will provide people throughout the world with the opportunity to fully appreciate the first-class job the organizers, in conjunction with city and state officials, have done on the event as well as promote the city of Monterrey as a great tourist attraction.

Over the last 25 years, Monterrey, Mexico has become one of the most important motorsports communities in all of Mexico. Monterrey is a provider of renowned Mexican drivers and an organizer of special events like the Tecate Telmex Monterrey Grand Prix. Monterrey, Mexico had to meet a long list of requirements, including creating the track and necessary infrastructure in a very short period of time, to be chosen from among 16 cities from around the world to host the race.

The Fundidora Park circuit is located on the site of the first iron and steel factory in Latin America. The mill opened on May 5, 1900 and remained open until May 9, 1983. Over the last 17 years the grounds have been renovated, but the process was accelerated with the announcement of the Tecate Telmex Monterrey Grand Prix presented by Herdez in April of 2000.

Speaking about the event, Hector Emilio Ayala, General Manager of the Tecate

Telmex Monterrey Grand Prix presented by Herdez said, "We are very proud to be the originators of a new era of motorsports in our country and to present Mexico, again, as a nation with the capabilities to receive and organize world-class events. The Tecate Telmex Monterrey Grand Prix presented by Herdez will be the international event Mexico has been waiting for".

Championship Auto Racing Teams, Inc., city and state officials from Monterrey and Nuevo Leon, as well as event owner Pat Patrick, partner Gerald Forsythe and Tecate announced the Tecate Telmex Monterrey Grand Prix presented by Herdez in April of 2000. The track, a 2.1-mile, 12-turn road circuit, is located in Fundidora Park just four minutes from downtown Monterrey. Located in northern Mexico, Monterrey is two-and-a-half hours by car from Laredo, Texas and less than an hour by plane from Houston, Texas. Monterrey's International Airport offers daily flights to and from many cities in Mexico and the United States. CART last raced in Mexico in 1981, at the Autodromo Hermanos Rodrigues in Mexico City.

Indy Car Travel, the United States outlet for tickets has purchased a block of reserved seats and general admission tickets for resale. For information call Indy Car Travel at 800-274-2278 or 480-718-1174 (www.indycartravel.com) and ask for Nance Wickins.

- Kevin Diamond

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Series IndyCar
Drivers Gerald Forsythe