Announcement to happen Tuesday

Looks like it's going to happen in 2013.

Quote:well, north bergen might.

Awesome, awesome, awesome!!!!!!!

Bring on the F1 !!!!

Um, we live right next to the most important city in the country and the most famous city in the world. No matter what happens here the focus will be on NYC. I don't know how they pull off a race on those streets, but if they can they should go for it. This sort of event brings in a good amount of money and unlike putting it in the park the people watching will actually be in the towns for the day and spending money locally, not in park spending some money with a vendor then going back to NYC.

we might get some pot-hole free roads if this happens !

seeing as how it is not jersey city according to that map, i don't really see where we really have too much of a say in it.

also this seems like a very good idea, unlike the park, it's in the middle of a city and thus won't have the huge environmental impact.

Racers Eyeing Streets of N.J.

August 3, 2011
Wall Street Journal
By DARREN EVERSON



Formula One, the world's richest and most glamorous racing circuit, may be headed to New Jersey for an event in the shadow of the Manhattan skyline.

Formula One driver Jenson Button drives past St. Basil's cathedral in Moscow during a July exhibition race.

The mayors of Weehawken and West New York, N.J., said Tuesday that they are in early stages of talks with a group of investors led by Leo Hindery Jr., a former chief executive of the YES Network, to bring an F1 event to the area as soon as 2013. The race would run on existing streets in these cities, with New York as the backdrop.

The event would put the region in the company of Monaco, Montreal, Singapore and Shanghai, all of which host annual F1 events. Bernie Ecclestone, the head of F1, could not be reached for comment.

If approved, the proposed race would be a second U.S. event for F1, which has announced an annual race in Austin, Texas, starting next year.

Weehawken Mayor Richard Turner and West New York Mayor Felix Roque suggested in a joint statement that the race could prove to be a lucrative annual source of income for the area. They said no tax dollars would be involved in staging the race.

"In these uncertain economic times when every direct and indirect revenue source is vital, our own Formula One race could be a very positive boost to our citizens," the mayors said. "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. The investor group has already told us that our towns would be substantially compensated annually."

There were discussions last year about bringing an F1 race to Jersey City, N.J. So far, the difference between that failed initiative and the new one is that public officials appear to be on board.

Last year, Destination Jersey City, an organization operated by the city's economic-development department, created a proposal to hold an F1 race at Liberty State Park, near the Statue of Liberty. Government officials quickly objected to the idea amid public protest, with Jersey City Mayor Jerramiah Healy saying the event wasn't suited for the park.

Representatives of Weehawken and West New York have had preliminary talks with Gov. Chris Christie's administration about the new proposal, according to Kevin Roberts, a Christie spokesman. "The prospect of having Formula One come to New Jersey is exciting," he said.

F1, considered the world's premier racing circuit, holds races on a combination of permanent courses and city streets across the globe. Its open-wheel cars reach speeds of more than 200 miles per hour and achieve high-speed cornering through advanced aerodynamics. This season's 19-race F1 calendar includes events in Australia, Asia, Europe and South and North America.

The one place that F1 has not had a steady foothold historically is in the U.S. Numerous localities across the country have held F1 races over the past half century, including Watkins Glen, N.Y., Detroit, Dallas and Phoenix. Most faced attendance problems or track difficulties. The last U.S. F1 race took place in Indianapolis in 2007.

Write to Darren Everson at darren.everson@wsj.com