FOM and Grand Prix of America at Port Imperial (GPA) have confirmed that the inaugural race has been moved from June 2013 to 2014 due to ongoing construction issues on the riverfront street course. Both FOM and GPA expressed confidence that the race will occur in 2014.

"We are going to be racing at Port Imperial, unfortunately just not as soon as we hoped and expected," said Leo Hindery, Jr., promoter of the event. "We promised Governor Christie, the towns, the sport and its international fans the best possible experience, and unfortunately we need additional time to ensure that happens.

"We remain 100% committed to the Grand Prix of America at Port Imperial and the race could have no better partner and friend than the CEO of Formula One, Bernie Ecclestone," said Hindery. "We benefit greatly from his experience and counsel and from his support."

"I remain totally committed to the Port Imperial race and its unique location and attributes, and we will continue to work closely together to realize our dream in 2014," said Bernie Ecclestone. "As Leo says, we are still going to be racing at Port Imperial, now however in 2014."

The construction issues cited today include the additional time needed for the development of complex Hudson Riverfront facilities and for finishing the second pits and paddock garage on the site.

GPA and FOM pointed out that significant progress has been made toward developing the race, including substantial construction of the first garage and other permanent facilities, extensive track engineering and operations planning, hiring of senior staff and partnering with key vendors to manage hospitality, security, ticket sales, transportation planning and operations.