Live Nation has entered into a booking agreement with Circuit of the Americas to bring concerts to the Circuit's The Tower Amphitheater in Austin, Texas, which will be completed in early 2013.

The open-air, 15,000-capacity amphitheater will be located at the base of Circuit's signature 251-foot observation tower and will be ready for shows by the start of the spring-summer amphitheater season. Live Nation will schedule and produce concerts by national touring acts at The Tower Amphitheater for the Central Texas marketplace.

Circuit of The Americas is billed as a "world-class destination for performance, entertainment, education and business," and is the first purpose-built Grand Prix facility in the United States designed for all classes of racing. It will be the U.S. home to the 2012 Formula 1 U.S. Grand Prix Nov. 16-18.

"The Tower Amphitheater is going to provide artists and their fans a truly amazing backdrop for live performances," Bob Roux, Co-President of North America Concerts for Live Nation, said in a prepared statement. "Austin's legacy will always be its support for live music, and it's this city's world-renowned enthusiasm for concerts that sets the bar for the rest of the country. We are extremely proud and truly honored to have the opportunity to be a part of this incredible venue."