Formula One racing heading to New Jersey?

August 3, 2011 5:35:56 AM PDT
Formula One racing could come roaring into New Jersey as soon as 2013.

The mayors of Weehawken and West New York say they're in talks with a group of investors who want to run a race on their existing streets.

They say taxpayers would make money without any expense.

The proposed race would be a second U.S. event.

Formula One has already announced an annual race in Austin, Texas, starting next year.