More discussions have been revealed for an F1 race on the streets of New Jersey. As reported by a selection of American newspapers, the Mayors of Weehawken and West New York have launched discussions with several possible investors, with the idea being to race in the North Hudson communities by as early as 2013.
As confirmed by Mayors Richard Turner of Weehawken and Dr. Felix Roque of West New York, the list of investors is topped by TV head Leo Hindery Jr, with one proposal being to use Boulevard East and River Road in order to provide a backdrop of the waterfront and iconic view of Manhattan.
“We want to make sure this will also be enjoyable for the residents and we have more negotiations to complete,” Mayor Turner explained to The Jersey Journal.
A press release from the Mayors reads as follows:
‘It is already clear that the economic impact on our towns and local businesses from this Formula 1 race could be dramatic, in the order of several hundred million dollars to the region annually.
In these uncertain economic times when every direct and indirect revenue source is vital, our own Formula 1 race could be a very positive boost to our citizens. 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.’
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