US F1 street circuit back under discussion

Formula 1 is already set to return to America next year at a new bespoke home in Texas, but an east coast destination might also be added to the list if investors in New Jersey get their way.

The proposals currently being discussed include a street circuit which would run along the banks of the Hudson river, a route which would offer spectacular views of the Manhattan skyline.

That backdrop would certainly appeal to Bernie Ecclestone who has made no secret of his interest in running a second US race in conjunction with the new circus stop at the under-construction Circuit of the Americas in Austin.

Earlier discussions have come to nothing, but according to the Wall Street Journal the mayors of Weehawken and West New York are currently in talks with group of promoters, led by former YES TV Network executive Leo Hindery Jr.

In a joint statement the local politicians said they were investigating the feasibility of a street race, but made it clear that no public money would be invested in the event.

"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 statement read.

"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."

If the venture gains approval - no sure thing by any means - the organisers believe they could have the Grand Prix up and running by 2013.
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