Racing Driver, promoter and former cable television mogul Leo Hindery says that the Grand Prix of America in New Jersey is still on track to begin next year. He had admitted that the previous goal of holding the race this season was overly ambitious. 

"We are on track for June 2014.

"We knew we could design the course with [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," said Hindery.

The New Jersey is provisionally planned for late June next year as the Formula 1 round after the Canadian Grand Prix. There is not a firm date for the race yet.

"Sometime in June following Canada, that's what my envelope says," he said.

Hindery expects at least some of the race's visitors to come from Europe for the weekend.

"We expect a lot of Europeans. New York is an easy city to get to from Europe and it's a fun city to be a tourist in," he said.

If everything goes as planned, Formula 1 will have a 21-race calendar next season with New Jersey and Sochi, Russia, being the additions.

Source: Autosport