June 13th, 2013 (F1plus).- The inaugural Grand Prix of America, pulled from this year's calendar due to lack of funding, will definitely be staged in 2014, race promoter Leo Hindery said in an interview published on Thursday.
The New Jersey leg of the Formula one season is expected to be held in June, after the Canadian Grand Prix in Montreal.
"We are on track for 2014," Hindery was quoted as saying by autosport.com on Thursday.
The Port Imperial street circuit alongside the Hudson River with the New York skyline as its backdrop is set to be one of two new additions to the F1 season, with a Russian GP in the Black Sea resort of Sochi expected to produce a 21-race calendar as opposed to 19 races this season.
It's been reported the race now has a unsually long 15-year contract that secures the races long-term future
Hindery, a keen racer who competed at the 2005 Le Mans 24 Hour race winning the GT2 class, accepted the blame for his race not going ahead as planned in 2013.
"It was nobody's fault but mine, it's a Rubik's cube that has had to come together.
"We knew we could design the course with (circuit designer Hermann) Tilke's help, we knew that the state would be supportive because we would be paying them for the privilege but we didn't have the capital structure."
He expects the race to attract widespread interest from European F1 fans.
"We expect a lot of Europeans," Hindery told autosport.
"New York is an easy city to get to from Europe and it's a fun city to be a tourist in.
"We also expect to introduce a lot of young Americans to a sport that they have never seen first-hand."
The race will certainly be an impressive spectacle. Running alongside the Hudson River and with the Manhattan skyline proving the perfect backdrop, the Port Imperial Street Circuit will last 3.2 miles and provide 19 challenging corners for drivers to negotiate.
Speaking to Press Association Sport about the new long term contract, Hindery Jr said: "The Grand Prix of America at Port Imperial has been a dream of many in the sport for over a decade.
"We had hoped to be ready to race in June 2013, but by late last fall (autumn) it was clear we would not have in place in time the long-term capital structure needed to satisfy Formula One of our readiness."
However thanks to a few helpers, the race is back on track: "Thanks to the patient, invaluable support of Bernie Ecclestone and FOM (Formula One Management) we now have a long-term sanctioning agreement needed to go racing for years to come, starting in June 2014.
Two years ago the United States didn't host a Formula One race weekend, however that's all set to change as the country goes from hosting zero races 24 months ago to hosting two rounds of the Formula One World Championship in 2014.
New Jersey Grand Prix conceptual rendeering.