After months of silence regarding the on-again, off-again Formula One Grand Prix of America at Port Imperial in New Jersey, there has been some movement that can be taken as positive news for F1 fans.

First, as reported in Autoweek, Chris Pook has joined the effort as “Special Assistant to the Chairman,” who is Leo Hindery Jr. Pook, according to Hindery, will provide “consultation with respect to all aspects of construction, planning and execution” of the Grand Prix of America at Port Imperial race. The race was scheduled to debut this year, but has tentatively been postponed to next June, 2014, supposedly because the facilities may not have been ready in time. Rumors persisted, though, that there was a shortfall in financing.

Second, F1 chief executive Bernie Ecclestone apparently told Reuters news service at the Spanish Grand Prix that F1 was investing money in the effort. “There’s no reason why it shouldn’t happen. We’ve put money behind it to pay a lot of the things off, a lot of their debts,” Ecclestone told Reuters. “So I’m hoping now we are going to get it together. We’re going to try and make it happen next year.”

Ecclestone also applauded the addition of Pook to the management team. “He knows all the things not to do, which is important,” said Ecclestone. “And the other people weren’t sure what not to do. They thought they knew what to do but not what was the important thing.”

Pook founded and managed the USA Grand Prix West in Long Beach, which was the first F1 street circuit race in the United States and later evolved into an annual event in the F1 World Championship. He also helped develop other races around the country including races in Detroit, Las Vegas, Dallas, St. Louis, Denver and St. Petersburg. Pook is the former CEO of the Championship Auto Racing Teams series in the U.S. and a former member of the board of Dover Motorsports Inc.

Pook’s resurfacing has spurred rumors that Long Beach may once again host F1 instead of IndyCar, but Ecclestone said told Reuters that if the happens, Long Beach would not move to F1.

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