Shaky Future for Hudson County Formula One Race [AUDIO]

After several delays, the future of the Formula One race along the Hudson County Waterfront continues to be shaky.

Formula One CEO Bernie Ecclestone told CNN the 3.2 mile race through Weehawken and West New York "is not in the cards for next year. They haven't got any money."

A spokesman for Grand Prix of America at Port Imperial told NJ.com, "We will have a statement after the FIA announces the 2014 calendar. Until then, we're continuing to prepare for the 2014 Grand Prix of America at Port Imperial."

Weehawken Mayor Richard Turner is not letting the uncertainty of the race worry him, noting the city will continue all of its construction projects in preparation of the race.

"Whatever work they're doing, fixing the roads, whether the race takes place or not it's nice to have the roads fixed. They're fixing curbs and sidewalks in the race area, it's nice to have them fixed. So even if the race doesn't take place there's no downside for us, other than the disappointment of it."

Turner said Weehawken doesn't spend any money out-of-pocket, noting the arrangement they have with Formula One reimburses them for a certain amount and all expenses and all work is done at their cost.

"It's not going to cost our taxpayers a penny, nothing in the race will cost us a penny. And we get improvements that they will do because of the race, so financially it's a win win for the community."

Turner points out he has not heard anything official about the race's cancellation.

"We just received a payment in June, so there's nothing to indicate that it wouldn't go forward."

He adds that even if it didn't happen, "it wouldn't be catastrophic, we already had a lot of work put into the infrastructure."