Korean GP organizers may be suffering huge losses after only two years of hosting a Formula 1 race and are already asking for a reduction in Bernie Ecclestone’s fees, but on this side of the world, things are quite different.
In August, we reported that the mayors of Weehawken and West New York in New Jersey were negotiating with investors led by former YES Network executive Leo Hindery, Jr., about the possibility of organizing a Formula 1 street race in New Jersey right along the Hudson River.
Today, Formula One officials announced that the deal is sealed and the F1’s glamorous circus is indeed coming to northern New Jersey in 2013.
“I’m pleased that New Jersey will play host to Formula One beginning 2013, bringing one of the world’s most popular and exciting sports right to our backyard,” said New Jersey, governor Chris Christie.
“Up to 100,000 people are expected to attend each race, starting with practice Friday, qualifying on Saturday, and racing on Sunday,” Christie added.
The last time the U.S. saw an F1 race was in 2007 at the Indianapolis Motor Speedway. In two years’ time, there will be not one, but two GPs on American soil as Austin, Texas has already finalized a nine-year F1 deal, with the inaugural Grand Prix planned for November 2012.
Story References: Yahoo/AFP
