Future of Italy’s fabled Monza racetrack may be in jeopardy

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Italy’s fabled Autodromo Nazionale Monza – otherwise known simply as Monza – could be moving one step closer to extinction after its last scheduled Formula One race in 2016.

Formula One chief Bernie Ecclestone said earlier this year that Monza is a commercial “disaster.”

Now comes a report from several newspapers, including Italy’s La Stampa (via PaddockTalk.com), that Monza’s future is in serious jeopardy after the Italian government amended the “legge di stabilita,” which translates to “stability law.”

The amendment disallows a tax exemption for the track worth 20 million Euros, which unless it is changed could go a long way towards the track’s eventual extinction. The track is closing in on its 100th birthday, having opened in 1922.

One Italian politician, Fabrizio Sala, said, “The stability law penalizes Monza and its Autodrome, putting at risk the future of the Formula One Grand Prix.”

Former F1 driver Ivan Capelli, who became a director of the Automobile Club of Milan earlier this year, said an effort is underway to save the facility.

“Our commitment to find the resources needed is clear,” he said emphatically.

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