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Latest discussion for F1 race on the streets of New Jersey

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Aug.03 – Latest talks come out one more grands prix in the United States by 2013 if fresh plans for F1 race on the streets of New Jersey. This report confirmed by Mayors Richard Turner of Weehawken and Dr. Felix Roque of West New York, the list of investors is topped by TV head Leo Hindery Jr, with one proposal being to use Boulevard East and River Road in order to provide a backdrop of the waterfront and iconic view of Manhattan.

The Wall Street Journal reports that mayors of New Jersey townships Weehawken and West New York are in talks with private investors to put together an event by 2013.

A press release from the Mayors -‘It is already clear that the economic impact on our towns and local businesses from this Formula 1 race could be dramatic, in the order of several hundred million dollars to the region annually.

In these uncertain economic times when every direct and indirect revenue source is vital, our own Formula 1 race could be a very positive boost to our citizens. This said, we need to ensure that the financial benefits from the privilege of having these races in our towns are equitably shared and that no tax dollars are used.’


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