Formula One's inaugural Grand Prix of America slated to be run in New Jersey has been postponed until 2014.

Formula One Race Course (New Jersey Sports and Exposition Authority)

Formula One boss Bernie Ecclestone says "the event is not going to happen" next year as planned. It was on the FIA calendar for June 16, but with an asterisk indicating it was still "to be confirmed."

The race is set for a spectacular course along the Hudson River through the towns of Weehawken and West New York.

Weehawken Mayor Richard Turner earlier told The Jersey Journal that the race was not going ahead next year. Turner and another unnamed mayor told the newspaper that organizers were behind on road repairs and permits.

A spokesman for New Jersey race promoter Leo Hindery Jr. declined to comment on the report.

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