Wednesday, April 16, 2014 3:34 AM ||  Login  ||  Register || rss

Bergen Dispatch - HomePage
  North Jersey's Homepage For Local News
Mostly Cloudy
36°F
48° / 33°
Mostly Cloudy
Wind: Northwest at 15.0mph
Humidity: 62%

Home > News > New Jersey Dropped From 2014 Grand Prix Calendar


staff Monday, Jul 29, 2013

click for full size

(pitpass.com) Few proposed races have had as troubled a history as the Grand Prix of America in New Jersey. It was originally due to take place this year but the brakes were put on that plan when Pitpass' business editor Christian Sylt revealed that Formula One's boss Bernie Ecclestone had torn up the contract after the organisers missed payment deadlines.

A new agreement was signed in May this year and just when it looked like the race was on track for 2014 it came to light that in fact there is the small matter of the organisers needing to find $100m before it gets the green light. They have already run out of time according to Niki Lauda, one of Ecclestone's closest confidantes.

Speaking to Austrian television station ORF, Lauda recently said that "the New York Grand Prix in New Jersey that was supposed to take place this year, has not taken place because of a lack of money in America.” He added that "as far as I know it has already been taken off the calendar again."

Lauda was being asked about the situation following the news that the Austrian Grand Prix will return to F1's calendar next year. He claims that there is a direct connection between its reinstatement and the demise of New Jersey. "As a result of the good relationship with Mateschitz [Ecclestone] has included this race on the calendar," said Lauda.

Lauda's comments are far from the only recent signs that next year's proposed race in New Jersey has bitten the dust. Last month the World Motor Sport Council announced that in order to preserve the historic date of the Le Mans 24 Hours, no F1 race will take place on the June 14/15 weekend. This ruled out New Jersey having a back-to-back race with Canada as it reportedly hoped to do.

Construction work is going on in New Jersey but it has been pointed out that a great deal of it was due to take place regardless of whether the F1 race goes ahead. The real problem isn't that the organisers lack funding to finish the engineering work but that the plan does not involve any government funding.

As Pitpass has explained at length, there are very few precedents of street races being run without state support. Indeed, council funding was even granted to the lowly Formula 3000 Superprix, which was held from 1986 to 1990 on the streets of Birmingham.


See more at: http://www.pitpass.com/49623-Lauda-says-New-Jersey-has-been-dropped-from-2014-calendar

Related Stories:
Bank of New Jersey promotes Yaverian to senior vice president, branch administration
NJBiz: Fort Lee-based Bank of New Jersey announced Tuesday it has promoted Rose Yaverian to senior vice pre...
South Jersey Man Gets 30 Years For Role In Producing Child Porn
David Clark, 49, of Southampton, N.J., previously pleaded guilty before U.S. District Judge Joseph H. Ro...
New Jersey Court Issues Memorandum In Response To Child Support Enforcement Appeals, Orders Training For Judges and Probation Workers
On Friday, April 11 attorney David Perry Davis submitted a letter to Supreme Court Justice Barry Albin addr...
Poll: New Jersey Voters Give Christie OK Grades For Sandy
New Jersey voters approve 51 - 42 percent of the way Gov. Christopher Christie is handling the recovery fro...









Search Button  


Headlines: Local News
HansJongLEE.jpg Police Seek Help Finding Missing Fort Lee Man
Fort Lee Police are asking for the public’s help in finding Hans Jong Lee, a 50-year-old father of tw...

News | Comments: 0

Breaking News Prosecutor: Juvenile From Garfield Arrested For Possession and Distribution of Child Pornography
Bergen County Prosecutor John L. Molinelli announced the arrest of a 16 year- old juvenile from Garfi...

News | Comments: 0

Starring_Chris_Christie.jpg Christie Gets Starring Role In New Democratic National Committee Ad [Video]
A video titled ‘Law and Disorder’ was released by the Democratic National Committee and features Gov....

News | Comments: 0

Breaking News Allendale School District To Receive $350,000 in Grant Funding For School Construction Projects
Officials from the New Jersey Department of Education (DOE) and the New Jersey Schools Development Au...

News | Comments: 0

Breaking News Sussex Bank promotes Schreyer to executive vice president
Anthony Labozzetta, president and chief executive officer of Rockaway-based Sussex Bank, announced in...

Business | Comments: 0

12






Copyright © 2014 Bergen Dispatch | Privacy

Page generated in 1.925 seconds

Mobile | Bergen | Essex | Passaic Facebook | Twitter | YouTube