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"CNN reports that Formula One chieftain Bernie Ecclestone has put the kibosh on the 2014 Grand Prix of America. Ecclestone says New Jersey organizers haven&amp;#039;t raised the necessary $100 million to move forward with the event planning. Organizers, meanwhile, say they expect the race to take place as scheduled. If the race is postponed, it will be the second time in the event&amp;#039;s short history that it&amp;#039;s been pushed back on the calendar. F1 was originally supposed to take over the NY metro area in June of this year, but missed payments and the resignation of race president Tom Cotter gummed up the works. The planned 3.2-mile course winds through West New York and Weehawken, with the Manhattan skyline serving as a spectacular backdrop. But that&amp;#039;s only if organizers can raise the required cash. Sounds like 2015 is the earliest we might see F1 cars tearing up New Jersey&amp;#039;s streets, if the race ever comes to fruition at all. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.roadandtrack.com/motorsports/news/a5274/ecclestone-says-no-2014-grand-prix-of-america/?src=global_footer>