I was reading on another site where someone who claims to know several high level people on the project (and he has posted quite a lot of insider info before that ended up being spot on)... he says that in addition to scaling down the grandstand project (which we already knew), they are not going to have the "team buildings" complete in time for the first year.
It looks like they are shooting to get the very bare minimum done to qualify for having a race. I believe the road improvements are not happening for the first race, which still means unheard of delays to/from the track.