Bloomberg News

Formula One Race Along Hudson Postponed, Jersey Journal Reports

October 19, 2012

The Formula One Grand Prix along the Hudson River waterfront through New Jersey and New York has been postponed until 2014, the Jersey Journal reported.

The June 16, 2013, race was canceled because road repairs and permits for the 3.2-mile (5-kilometer) course are behind schedule, the newspaper reported yesterday, citing Mayor Richard Turner of Weehawken, New Jersey. An official announcement is scheduled for today.

The Paris-based International Automobile Federation, F-1’s governing body, placed an asterisk beside the New Jersey event when it released its 2013 calendar, saying it was subject to confirmation. Event promoter Leo Hindery said this month that all outstanding contract obligations, including safety and facility reviews, would be met in time for the race.

“We will be racing,” Hindery, managing partner at InterMedia Partners LP, told Bloomberg in an interview Oct. 5. “We don’t have existing, fixed facilities that can be inspected today, so when he says we’re subject to review, we’ll be subject to review until the race date just because of the nature of a street course racing for the first time.”

A call to Turner’s office after hours wasn’t answered. Alex Howe, a spokesman for Hindery, declined to comment on the report.

The plan calls for streets in Weehawken and West New York in New Jersey to be cordoned off for the entire three-day event, which will boost the local economy by $100 million annually, according to estimates.

There hasn’t been a Formula One race in the U.S. since 2007, when Indianapolis Motor Speedway hosted the U.S. Grand Prix. The sport is scheduled to return Nov. 18 at a new $300 million track in Austin, Texas.

To contact the reporter on this story: Nancy Kercheval in Washington at nkercheval@bloomberg.net

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


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