Plans for a formula one race on the Balearic Islands are still progressing.<\/p>\n
Mid last year, it emerged that Llucmajor, a short drive from Mallorca’s major Palma airport, was the likely site for the project, which would replace the European grand prix at Valencia.<\/p>\n
The German-language Mallorca Zeitung reports that organisers are now seeking investors to fund the first race in 2012, with the estimated cost at between 160-200 million euros.<\/p>\n
“The project would help not only the local community but give the whole island a tremendous economic boost,” said Llucmajor mayor Joan Jaume.<\/p>\n
The track’s local designer Gabriel Palmer has been criticised for his inexperience, but he said he has consulted with the Ferrari team.<\/p>\n
“I have included their (Ferrari’s) corrections in my current draft,” said Palmer.<\/p>\n
The head of the Balearic racing federation and mayor Jaume have already met with F1 chief executive Bernie Ecclestone, and F1 event guru Philippe Gurdjian has reportedly also been involved.<\/p>\n
“Ecclestone was enthusiastic and encouraged us to pursue the project,” said federation president Agustin Arbex.<\/p>\n
He also revealed that September 2012 has been earmarked for the inaugural race date.<\/p>\n
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