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 |  Aug 04 2011, 4:30 PM

With the construction well underway in Austin, TX for a purpose built F1 track, you could be forgiven for thinking the US-F1 deal is settled for the next few years at least, but you’d be wrong.

According to reports from The Wall Street Journal, New Jersey could come in the picture and host a second race in the United States.

The project, which was previously put on hold due to activists opposed to holding such an event in the Garden State, just across the Hudson from the Manhattan skyline, is building up steam again. A new proposal is in the works to have a race hosted in the townships of Weehawken and West New York. The project’s backer stressed that all expenses for this event will come from private money, and not from taxpayers.

If all goes to plan, US could once again be hosting two Formula 1 races a year. Back in the 1970′s, East and West Grand Prixs were held back to back, one at Watkins Glen, NY and the other at Long Beach, CA.

[Source: Autoblog]