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New Jersey’s F-1 Grand Prix Postponed, Wall Street Journal Says

Dec. 3 (Bloomberg) -- The Formula One Grand Prix along the Hudson River waterfront in New Jersey has been postponed for a second consecutive year, the Wall Street Journal reported today.

The race will be delayed until at least 2015 for “lots and lots and lots of reasons,” F-1 head Bernie Ecclestone said, according to the newspaper.

Attempts to reach Ecclestone on his mobile phone were unsuccessful. Race promoter Leo Hindery didn’t immediately answer an e-mail seeking comment, and Alex Howe, a spokesman for the Grand Prix of America at Port Imperial, said the group would not comment until after the release of the official 2014 F-1 calendar later this week.

The race was postponed in October 2012 from its original date of June 16, 2013.

Race organizers in October 2011 announced plans for a 3.2-mile (5-kilometer) course on public roads in the New Jersey towns of Weehawken and West New York, across the Hudson River from Times Square and the New York City skyline. The streets would be cordoned off for the entire the three-day event, which organizers estimated would bring in roughly 100,000 spectators and a $100 million boost annually to the local economy.

To contact the reporter on this story: Eben Novy-Williams in New York at enovywilliam@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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