Formula 1 coming to New Jersey?

Formula 1 -- that's auto racing for those who still insist auto racing is not a sport -- could be coming to New Jersey.

That's right, the Garden State may receive its very own 3.6 mile auto racing circuit.  Located in Jersey City within Liberty State Park, the track would be located directly east of Ellis Island and roughly one mile from Manhattan.  Not far from where the Barclays Golf Tournament was held in Jersey City last summer.  This site offers some amazing views, to say the least.

New Jersey, which has considerable budget problems just like every other American state, could obviously use a new source of revenue.  Plus, that revenue could be tremendous if this racetrack really does have "the potential to host the largest spectator audience on record."

I don't love the idea of displacing a state park to make way for a racetrack, and there is certainly opposition to the plans, but it would be a cool (and highly profitable) sporting spectacle for millions of people in the tristate area.  I don't buy into the notion that NJ cannot support a Formula 1 track because it couldn't even support a pro basketball team.  Auto racing venues, unlike most other stadiums and arenas and ballparks, are regional in nature.  They attract people from hundreds of miles away, just like a PGA tournament.  So I think more than enough people will show up for the one massive race that would be held there -- the United States Grand Prix.

Besides, in the tristate area we already have 3 hockey teams, 2 basketball teams, 2 baseball teams, 2 football teams, a handful of minor league baseball teams, half a dozen college teams, and literally countless golf courses.  Why not add Formula 1, which is global in nature, since it is centered in Europe and has also has races in Asia, the Middle East, and South America?  It can't hurt...except for a few thousand trees, that is.