Skip to main content

Lack of funds causes permanent pit stop for New Jersey’s Formula One race

Red Bull F1 in New Jersey
Image used with permission by copyright holder

It looks like Chris Christie won’t be hobnobbing with Sebastian Vettel anytime soon.

Formula One has cancelled plans to hold a race in New Jersey, F1 boss Bernie Ecclestone told CNN.

The Grand Prix of America, scheduled to take place across the Hudson River from New York City in 2014 isn’t happening because the race’s organizers don’t have enough money, Ecclestone said.

“It’s not in the cards for next year,” he said. The official F1 calendar won’t be finalized until December, but organizers need to prove they have the requisite financial backing well in advance.

However, Grand Prix of America spokesman Alex Howe said the race could still happen.

“We don’t comment on financial matters but we are on track for 2014 and will have a statement following the announcement of the official 2014 FIA Formula One World Championship schedule,” Howe told CNN.

The race has already been cancelled once; it was tentatively scheduled for this past June. While construction of the F1 facilities is already under way, the Grand Prix of America has had organizational difficulties.

The race’s president, Tom Cotter, resigned in August 2012, and inability to make payments to the F1 organization led to its original cancellation.

“It is such a muddle and a mess that it is not worth doing,” Ecclestone said of the situation.

The New Jersey Grand Prix was supposed to be run over 3.2 miles of public roads in Weehawken and West New York, New Jersey. Current F1 World Champion Sebastian Vettel and fellow Red Bull team driver David Coulthard showed up last year to do some “testing.”

While Weehawken doesn’t really have the class of Monaco or the storied racing history of Silverstone, its location just opposite Manhattan makes it a desirable site for a sporting event. The New York Giants play in New Jersey, after all.

A race within spitting distance of the cultural center of the United States is certainly an attractive prospect, but the Grand Prix of America wouldn’t be the first failure of F1 in the U.S.

In 2005, problems with Michelin tires at the United States Grand Prix in Indianapolis left only six cars on the starting grid. Two years later, F1 left the States for what turned out to be a five-year hiatus.

Formula One fans can still see a race without having their passports stamped: The United States Grand Prix was revived last year at the newly constructed Circuit of the Americas in Austin, Texas.

So, if you want to see an F1 race in the United States, buy a cowboy hat.

Editors' Recommendations

Stephen Edelstein
Stephen is a freelance automotive journalist covering all things cars. He likes anything with four wheels, from classic cars…
Rivian R2 vs R1S: How will Rivian’s cheaper SUV compare?
The front three-quarter view of a 2022 Rivian against a rocky backdrop.

Rivian has finally unveiled the R2, its long-awaited attempt at a more affordable electric SUV. The new vehicle may not be available just yet, but fans of Rivian's design aesthetics and feature set are already looking forward to being able to order the new car. The R2 is targeted at being a more affordable take on the electric SUV and will sit alongside the flagship-tier R1S.

Let's get this out of the way right now: The R1S is most likely going to be a better vehicle than the R2. Rivian isn't replacing the R1S with the R2 — it's releasing the R2 as a more affordable alternative, and there will be some compromises when buying the R2 over the R1S.

Read more
Cybertruck production reportedly halted over pedal issue
Tesla CEO Elon Musk behind the wheel of a Cybertruck.

Tesla CEO Elon Musk behind the wheel of a Cybertruck. Tesla

Tesla’s Cybertruck has been hit by a production delay caused by an issue with a part of the vehicle, a number of media reports have claimed.

Read more
Don’t let the gimmicks fool you. The Ioniq 5 N is a serious track car
2025 Hyundai Ioniq 5 N drifting.

We’re finally getting to the fun part of automakers’ methodical quest to replicate their lineups with electric cars.

Performance versions of ordinary cars have been a staple of the auto industry for decades. But while we’ve already seen some variants of EVs boasting more power and more impressive stats — think Tesla Model S Plaid or Lucid Air Sapphire — the 2025 Hyundai Ioniq 5 N is the first to truly apply that format to an EV.

Read more