COTA aims to raise $65M toward its long-awaited amusement park
AUSTIN (Austin Business Journal) — Circuit of The Americas aims to raise $65 million to build a long-planned amusement park at its site in southeast Austin.
That's according to a pair of Sept. 23 filings with the U.S. Securities and Exchange Commission. The filings detail how Delaware-based COTA Emerald Fund LP has raised more than $46 million of the sum so far — about $36 million from a group of 14 unidentified investors, and $10 million from an unidentified single investor.
Alyssa Epstein, COTA's general counsel who is listed as an executive in the filings, said in a Sept. 24 email to the Austin Business Journal that the money was from a recent fundraiser "in connection with amusement park construction." She declined further comment, outside of saying COTA plans to "share the development with Austin in 2025."