The Grand Prix of America at Port Imperial has been officially postponed to 2015. The announcement was made via press release on Wednesday, December 4, from the GP of America office.
According to the press release, "GP America executive chairman and promoter Leo Hindery, Jr., and his team are working on restructured financial arrangements for a 2015 race."
Mr. Hindery, according to the release, acknowledged the "challenge of completing the intricate financial structure for the event."
He further commented: "Our entire management team and our supporters in New Jersey, New York and throughout the Formula One community obviously want to see the inaugural Grand Prix of America at Port Imperial take place as soon as possible," he said. "Bringing a world-class race to the world's largest media market is a huge undertaking that has required balancing construction of our road course, without tapping any public money, with the Sport's own timing demands. I want to thank Formula One Management, New Jersey Governor Chris Christie, Mayors Richard Turner and Felix Roque, Roseland Property Company and the other local property owners involved for their patience while we've worked to get this right so that we can finally go racing in 2015."
For his part, Formula 1 President and CEO, Bernie Ecclestone, still seems hopeful that the race will run, "There is great demand for a race in New Jersey and I have no doubt we'll be racing at Port Imperial in 2015." He added, "New races can take many years to get started, but there is significant momentum and we are close to realizing a New York City F1 race."
The Grand Prix of America at Port Imperial is expected to run on a 3.2-mile temporary street circuit in Weehawken and West New York, N.J.. The street circuit will run along the Hudson River and across the top of the Palisades cliff, with the New York City skyline as the backdrop.
Organizers anticipate more than 100,000 people will attend the three-day event, with most arriving by public transportation. The event is not relying on government subsidies and is projected by organizers to generate more than $100 million in annual economic benefits for New Jersey and New York.
The race was originally planned for 2013, but has been put off twice so far.
ABOUT THE AUTHOR: Connie Ann Kirk, Ph.D. has been credentialed by the FIA to write about Formula 1. With a historic racer from upstate New York, she is working on a book about racers and racing.