Jul 2, 2013, 10:00 AM EDT
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.
Sep 22, 2014, 8:30 PM EDT
They’ve already got the IndyCar title. But can Team Penske claim the Sprint Cup as well this season?
Sep 22, 2014, 7:30 PM EDT
It hasn’t always been easy for Logano since he broke into the Sprint Cup Series in 2009. But there’s no disputing that the kid once known as “Sliced Bread” (as in, greatest thing since) has grown up.
Sep 22, 2014, 6:45 PM EDT
Two teams on the opposite ends of the Chase spectrum head for the Lone Star State.
Sep 22, 2014, 5:30 PM EDT
A wild doubleheader in Los Angeles has left Block with an 18-point edge over Wiman as the series heads for Seattle.
Sep 22, 2014, 4:15 PM EDT
Coming up today: Highlights and analysis from Joey Logano’s Chase win at Loudon; an interview with Penske president Tim Cindric; Kevin Harvick’s Chase progress; Denny Hamlin’s nightmarish day; 16-year-old Cole Custer’s historic Truck win.
Sep 22, 2014, 3:55 PM EDT
The former CART and F1 driver’s incredible story is spotlighted in a special clip that previews a new film regarding BMW’s legacy in touring car racing.
Sep 22, 2014, 3:30 PM EDT
Wally Dallenbach Jr. to make competitive return to driving in Trans-Am, starting next month.
Sep 22, 2014, 3:00 PM EDT
Eric Boullier indicates that he feels Red Bull breached the FIA’s new radio ban with its messages to Daniel Ricciardo during Sunday’s race.
Sep 22, 2014, 2:30 PM EDT
Mark Webber enjoys his return to Austin in FIA WEC, even if the result in his No. 20 Porsche goes begging.
Sep 22, 2014, 1:30 PM EDT
The clash of the titans has gone Team Penske’s way so far. But next weekend’s race at Dover could see the tide turn in favor of Hendrick Motorsports.
Sep 22, 2014, 1:00 PM EDT
Andre Lotterer reflects on the openness of FIA WEC and Super Formula compared to his one-off Grand Prix appearance in Belgium.
Sep 22, 2014, 12:00 PM EDT
The FIA WEC headed to Texas this weekend. Here are some thoughts on how it went down.
Sep 22, 2014, 11:15 AM EDT
Both the TUDOR Championship and Continental Tire SportsCar Challenge put on a show in Austin this weekend.
Sep 22, 2014, 10:21 AM EDT
Audi 1-2 leads FIA WEC winners at COTA.
Sep 22, 2014, 10:00 AM EDT
Reliability woes have left Nico Rosberg reeling. If he doesn’t respond at Suzuka, it could be game over.
Sep 22, 2014, 9:00 AM EDT
German driver does well to keep his anger in check in his post-race video blog.
Sep 22, 2014, 8:00 AM EDT
Vijay Mallya delighted as Force India makes 2014 its most successful season since entering F1 back in 2008.
Sep 22, 2014, 7:00 AM EDT
Lewis Hamilton has put himself back in control of the 2014 F1 world championship after a great win in Singapore as teammate Nico Rosberg retired.
Sep 21, 2014, 8:43 PM EDT
Millen scores his second win of 2014, while YouTube icon Block takes an 18-point lead in the championship with two races left in the season.
Sep 21, 2014, 7:51 PM EDT
Tony Schumacher (Top Fuel), Courtney Force (Funny Car), Dave Connolly (Pro Stock) and Andrew Hines (Pro Stock Motorcycle) were the winners in Sunday’s final rounds of the NHRA FallNationals in Ennis, Texas.
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