The Statesman article is pandering to the haters. Because of the soap opera history of the F1 track no wise investor is going to build a large hotel or anything else until they see a successful race. if the first one goes off smoothly and is well received, there will be a lot of development in 2013. If the race isn't successful a hotel in that area would be useless.
http://www.statesman.com/news/local/...k-2276556.html