WEEHAWKEN, NJ-The Grand Prix is speeding away from the Garden State. Reports show that the chief executive of Formula 1 Racing has canceled a contract with local sponsors to bring a 3.2 mile course to the Hudson County waterfront.
Bernie Ecclestone, CEO of London-based Formula 1, told the Guardian that the sponsors "missed deadlines in their agreement" and cancelled the contract. Last year, the company previously signed of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013.
The race would have taken place on existing roads through Port Imperial and at the top of the Palisades in Weehawken and West New York. Upwards of 100,000 people were expected to attend each race, starting with practice on Friday, qualifying on Saturday, and racing on Sunday and able to take NJ Transit and PATH to the races.
For the full story, see NJ.com.
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