Bernie Ecclestone says inaugural Grand Prix of America in New Jersey next year is off

The inaugural Grand Prix of America, scheduled to be held in New Jersey in 2013, has been shelved for a year over ongoing construction delays.

Despite the setback, Grand Prix of America promoter Leo Hindery Jnr is adamant he remains "100 per cent committed" to the project. "We are going to be racing at Port Imperial, unfortunately just not as soon as we hoped and expected," Hindery Jnr said. "We promised (New Jersey) Governor (Chris) Christie, the towns (of Weehawken and West New York), the sport and its international fans the best possible experience. "Unfortunately, we need additional time to ensure that happens. "But we remain 100 per cent 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. "We benefit greatly from his experience and counsel, and from his support." Ecclestone added: "I remain totally committed to the Port Imperial race and its unique location and attributes. We will continue to work closely together to realise our dream in 2014. "As Leo says, we are still going to be racing at Port Imperial, now, however, in 2014. The reason is they didn't quite know what they were doing. "They got all the permissions together. Everything was done, that was all fine, but then they missed the boat a little on some financing that was coming in. Everything is set up, but it's now too late to finish on time."