![]() Sadly, the payoff was too long term for parliament to stomach and the funding ceased shortly after construction began. The hope was that additional job growth with these types of projects would inject revenue back into the country, especially if currency could flow in from the outside via lucrative F1 deals. Greece’s economic woes from hosting the 2004 Olympics (and their recession in general) were not helping things. While Greece itself was only funding a small portion of development, it was still a significant amount that was needed for the early construction phases. This would be paid back in full once F1, Moto GP, karting and other forms of racing and entertainment began bringing business to the facility. What happened?Įvangelos Floratos, a former Greek mayor, had worked out the deal so the Greek government would fund almost a quarter of the construction and private equity would cover the rest. Today, grass grows over the turned dirt of what was meant to be an asphalt foundation. It would take almost 3 years to complete but would be a new bastion of motorsport. The private company, Racetrack Patras SA, had worked with investors and the Greek government to lay the groundwork that would bring this project to life.ĥ00 direct, new jobs and tourism would be the payoff for this almost 95 million Euro ($40MM) project. Located 20 km southeast of Patras, in the Halandritsa area, a new Formula 1 track was envisioned. We know many in the mod community enjoy creating and bringing motorsport reality to the virtual world. Thanks to the great mod community in rFactor 2, Patras is now available to download and add to your race track collection. However, thanks to the mod community in rFactor 2 it is available. ![]() Patras is that Greek F1 track that never came to fruition.
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