Lawsuit against Austin Grand Prix dropped

According to the Austin American-Statesman, a District Court judge on Friday granted a plaintiffs' request to withdraw a lawsuit related to the U.S. Grand Prix scheduled to take place outside of the Austin city limits in June 2012.

On June 22, Three residents sued Texas state comptroller Susan Combs, claiming that she did not have the authority to authorize a $25 million payment to support the Formula One race.

According to the newspaper, "Bill Aleshire, the lawyer who filed the suit, said that he lacked evidence at this time to move forward. The lawsuit can be refiled up until Combs writes a check to F1 organizers."

Combs have promised to release the money by the end of July.

"As the facts change or if we're able to get additional information before Combs spends that money, we can ask the judge to prevent it," Aleshire told the Austin American-Statesman.

A spokesperson for Combs said that the comptroller "has followed the law as it is laid out in statute and administrative rules and we are pleased with dismissal of the lawsuit."

However, Aleshire told the paper that his clients still want to see the comptroller's office's "estimates of the tax and economic impact of the race," and that they could refile their suit if the results do not satisfy them.

Souce: autoweek.com