New Jersey Gov. Chris Christie is expected to make the announcement about the long-debated race at a news conference today in Weehawken—where the race will start.
It's Bruce Springsteen's "Born to Run" with an international flair.
While these race cars won't be "Sprung from cages out on highway 9," they will face a challenging course along JFK Boulevard East and River Road—with the towering Manhattan skyline as a backdrop.
The London-based Formula One organization, which has been discussing a race in the New York-metro area for years, finally made a 10-year deal for a Grand Prix of America Formula One with Jersey officials.
It is expected to be a tourist and financial boom to both sides of the Hudson.
The cars—which are capable of hitting speeds of 200 mph—would head north, passing through city streets and turn right in West New York and head south along the Hudson River to the finish line in Weehawken.
The course has been compared to Spa in Belgium and will have the feel of the famous Circuit de Monaco in Monte Carlo, organizers claim.
There are less than 20 Formula One races worldwide every year, and fans pay big bucks for prime seats. The U.S. hasn't hosted a Formula One race since Indianapolis in 2007.
Formula One also has a deal for an annual race at a new $250 million track in Austin, Texas.
Start your engines! "Baby, we were born to run!"
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