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New Jersey F1 race postponed

Updated: December 4, 2013, 12:03 PM ET
Associated Press

WEEHAWKEN, N.J. -- The promoter of a planned Formula One race in New Jersey says he's working to restructure the financing so the event can be held in 2015.

Leo Hindery Jr. said Wednesday he wants the race to take place as soon as possible. But he calls it a "huge undertaking'' to build the road course without tapping public money while also meeting the sport's timing demands.

F1 chief executive Bernie Ecclestone said last month during the U.S. Grand Prix in Texas that the New Jersey ...

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