New Jersey F1 race postponed a second time; promoters now aim to hold event in 2015

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A Formula One race planned for next year in New Jersey with the New York City skyline as a backdrop has been postponed.

Race promoter Leo Hindery Jr. said Wednesday it's been a challenge arranging the event's "financial structure," but he hopes the Grand Prix of America in New Jersey can debut in 2015.

Plans call for the race to run on a 3.2-mile temporary street circuit along the Hudson River in the towns of Weehawken and West New York.

F1 chief executive Bernie Ecclestone told the Wall Street Journal on Tuesday that there were many reasons for the postponement but did not elaborate.

The race was originally planned to run in 2013.