F1's New Jersey Grand Prix postponed until 2014

Formula One's inaugural Grand Prix of America, not to be confused with the US Grand Prix slated for mid-November in Austin, TX, has been postponed until the 2014 F1 season. F1 head honcho Bernie Ecclestone has reported that the event, previously expected to take place in Weehawkin, New Jersey in 2013, has now been pushed back by a year.

The Associated Press is reporting Ecclestone as having said, "Everything is set up but now it's too late to finish on time." The New Jersey race had tentatively been scheduled for June 16 of next year.

Reasons for pushing back the race seem to lie in the slow arrival of some funding, and/or road repair and permitting issues. The Jersey Journal reported that organizers fell behind on said logistics, while Ecclestone mentioned, "They got all the permissions together. Everything was done, that was all fine, but then they missed the boat a little on some financing that was coming in." Of course, the very existence of this race has been a contentious issue for some time.