Red Bull Elevation is one of the coolest events in BMX, and construction is now under way on the course for the 2007 event coming in July. Acoording to the Elevation blog, the course is about 1/3 finished, they've already used 30 truck loads of dirt, and there is going to be a big jump right out of the gate. For more info on this rad event, check out the Red Bull Elevation site.
