How a Failed Formula 1 Event in Dallas Left a Lasting Impression

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Buddy Boren was circling a good idea.

Early in 1983, the lifelong Dallas resident called his friend, Dallas construction owner Larry Waldrop. They met at Arthur’s, an upscale steakhouse near Park Cities, one of Dallas-Fort Worth’s wealthiest enclaves. Oil paintings, dark wood, clinking glass — it was the ideal place for business associates to meet and figure out how to fund a wild idea.

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Or, in Waldrop’s case, to encourage a wilder one. Boren, who grew up working on cars and drag racing, wanted Waldrop to invest in a

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