Formula One has dealt with American city Austin on Tuesday that the Texas capital will host the U.S. Grand Prix in 2012-2021, according to the promoter and Texas state officails.

The agreement, including a purpose-built circuit being planned, marked the return of the world's grandest moto racing tournament to the United States after the 2000-2007 U.S. GP on the Indianapolis Motor Speedway.

Also, Formula One had run in the U.S. in Long Beach, California, Las Vegas, Detroit, Dallas and Phoenix on a variety of street circuits.

The Austin track and grandstand would be built "within 10 miles" of the Austin airport, according to Tavo Hellmund, managing partner of race promoter Full Throttle Productions.

"The visibility and prestige of this event will spotlight our state on an international stage," said Texas Comptroller Susan Combs.

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