Jul 2, 2013, 10:00 AM EST
Ticket prices for the New Jersey Grand Prix will be sold at an average price of $563 according to UBS.
The Swiss financial services company which sponsors Formula One is behind an initiative to generate $100m of funding for the race as reported by the Daily Telegraph.
Passes for the prestigious Paddock Club will be priced at $4,255 for the race which will be run on a street circuit in front of the Manhattan skyline.
Race organizers expect 240,000 people to attend the three-day event which is slated to join the Formula One calendar next year.
Plans for the race were originally announced in 2011 when race organizers intended the Port Imperial street circuit to hold its first race this year. But it was struck from the calendar as work on the event fell behind schedule.
The New Jersey race will join the Circuit of the Americas as one of two Formula One grands prix to take place in the USA.
Leo Hindery, the former racing driver behind the planned race, claimed last month he had secured a 15-year deal with Bernie Ecclestone for the race.
F1 last raced in New York state when the Watkins Glen road course hosted the United States Grand Prix in 1980.
Feb 28, 2015, 2:15 PM EST
Danish driver reveals he received the call to say he would not be racing in F1 very late, preventing him from securing a drive elsewhere in 2015.
Feb 28, 2015, 2:00 PM EST
Is “Focus” IndyCar-focused? No. Is it cool to have IndyCar as a part of a Will Smith movie? Definitely.
Feb 28, 2015, 1:30 PM EST
Brazilian driver finishes second on day three of the final test in Barcelona, two-tenths of a second behind pace-setter Lewis Hamilton.
Feb 28, 2015, 1:00 PM EST
German driver completes 234 laps in just a day and a half in Barcelona as he continues to learn about the VJM08.
Feb 28, 2015, 12:02 PM EST
British driver finishes two-tenths of a second clear of Felipe Massa on the penultimate day of pre-season testing in Barcelona.
Feb 28, 2015, 11:00 AM EST
Four-time world champion will get his final test run in the new Ferrari on Sunday ahead of his grand prix debut for the team next month.
Feb 28, 2015, 9:00 AM EST
We wish Mario Andretti, one of the all-time greats, a happy 75th birthday.
Feb 28, 2015, 8:00 AM EST
Team founder John Booth is confident that the revived outfit will race in the Australian Grand Prix on March 15.
Feb 27, 2015, 7:00 PM EST
IndyCar drivers hit several race markets for “Focus” premieres.
Feb 27, 2015, 5:00 PM EST
How well does Josef Newgarden dunk? Find out in video he does with Indiana Pacers “Power Pack.”
Feb 27, 2015, 4:30 PM EST
French driver set for a fourth season in GP2 this year with Lazarus.
Feb 27, 2015, 4:00 PM EST
One of California’s more prestigious racing awards has its nominees revealed.
Feb 27, 2015, 3:00 PM EST
Indy Honor Flight event to be held at CGR shop in Indianapolis on Saturday.
Feb 27, 2015, 2:30 PM EST
Massa says that the main thing is that Alonso is okay and unhurt following his hefty crash in testing last week.
Feb 27, 2015, 2:00 PM EST
17-year-old has just one day of testing left before making his F1 debut in Australia.
Feb 27, 2015, 1:30 PM EST
Champions emerge on in a cold finale to 2015 Cooper Tires Winterfest.
Feb 27, 2015, 1:15 PM EST
First run for the VJM08 was “remarkable”, but there is still plenty to be caught up with at Force India.
Feb 27, 2015, 1:00 PM EST
German driver not happy with the setup on his W06 Hybrid despite posting the fastest time of winter testing so far in Barcelona.
- Hamilton fastest as Mercedes impresses again on day three 0
- Happy 75th birthday to one of the best ever, Mario Andretti 1
- Barcelona F1 2nd Test Paddock Notebook – Friday 0
- Rosberg quickest as Mercedes shows its hand on day two 0
- Alexander Rossi confirms return to GP2 in 2015 with Racing Engineering 3
- FIA issues updated F1 entry list including “Manor Marussia” 3
- Fernando Alonso thanks fans for support following crash 2