2014 Grand Prix of America Confirmed on F1 Calendar

2014 Grand Prix of America Confirmed on F1 Calendar

The FIA just released its 2014 calendar, confirming that the schedule will include the first F1 race in the New York, New Jersey area.

“The entire Grand Prix of America team is thrilled to join the 2014 FIA calendar and we look forward to bringing world-class Formula One racing to New Jersey,” race promoter Leo Hindery, Jr. said.

A 3.2-mile temporary street circuit at Port Imperial will be outlined for the race including 19 turns and a 160-foot elevation change from sea level to the top of the Palisades cliff. This is the world championship’s 65th anniversary and includes 22 races.  The Grand Prix of America is scheduled to take place on June 1, preceding the November 16 race taking place in Austin, Texas, at the Circuit of the Americas; the second U.S. F1 race on this year’s calendar.

SEE ALSO: Grand Prix of America Postponed Until 2014

News of the Port Imperial circuit has been making headlines since last year, but there hadn’t been any official confirmation about the race moving forward until now. The issue hinged on whether or not event organizers would be able to raise the $100 million in management fees required for the race.

But it shouldn’t be difficult to recoup that cost with over 100,000 people expected to attend the three-day event. In fact, the event is expected to generate over $100 million for New Jersey and New York.