Businessman Tavo Hellmund, a key figure in bringing F1 back to the U.S. and Mexico, has started a project to secure another race in North America

The American helped bring F1 back to the States in 2012 at the Circuit of the Americas and also played a role in securing the return of the Mexican Grand Prix, held at Autodromo Hermanos Rodriguez last weekend after a 23-year absence. F1 boss Bernie Ecclestone has already stated his desire to have an F1 race "California way" but Hellmund is not yet willing to go into specifics about his new plans.

"We're looking at a project that's probably two weeks away from being able to talk about it, then looking also maybe making an investment with a team," Hellmund told NBC. "It would be North America."

Though his favoured location remains the West Coast, Ecclestone does not seem to have completely abandoned his idea for the 'Grand Prix of America', the planned race around the streets of New Jersey. North America currently has three races on the calendar, on each in Canada, the U.S. and Mexico.