Photo Description:
YES Network founding chairman and former CEO Leo Hindery speaks during the announcement of the signing of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013. while in Weehawkin, N.J. on Tuesday, Oct. 25, 2011. (Governor's Office/Tim Larsen)

Photo Description:
Governor Chris Christie shakes Weehawken Mayor Richard Turner during the announcement of the signing of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013. while in Weehawkin, N.J. on Tuesday, Oct. 25, 2011. (Governor's Office/Tim Larsen)

Photo Description:
Weehawken Mayor Richard Turner and West New York Mayor Felix Roque speak during the announcement of the signing of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013. while in Weehawkin, N.J. on Tuesday, Oct. 25, 2011. (Governor's Office/Tim Larsen)

Photo Description:
Governor Chris Christie speaks during the announcement of the signing of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013. while in Weehawkin, N.J. on Tuesday, Oct. 25, 2011. (Governor's Office/Tim Larsen)

Photo Description:
Governor Chris Christie, Weehawken Mayor Richard Turner, West New York Mayor Felix Roque, YES Network founding chairman and former CEO Leo Hindery, County Executive Thomas DeGise, and former President and GM of Lowe’s Motor Speedway Humpy Wheeler announces the signing of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013. while in Weehawkin, N.J. on Tuesday, Oct. 25, 2011. (Governor's Office/Tim Larsen)

Photo Description:
Construction workers look on while Governor Chris Christie speaks during the announcement of the signing of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013. while in Weehawkin, N.J. on Tuesday, Oct. 25, 2011. (Governor's Office/Tim Larsen)

Photo Description:
Governor Chris Christie listens while former President and GM of Lowe’s Motor Speedway Humpy Wheeler speaks during the announcement of the signing of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013. while in Weehawkin, N.J. on Tuesday, Oct. 25, 2011. (Governor's Office/Tim Larsen)

Photo Description:
speaks during the announcement of the signing of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013. while in Weehawkin, N.J. on Tuesday, Oct. 25, 2011. (Governor's Office/Tim Larsen)

Photo Description:
Speed Channel's Steve Matchett speaks during the announcement of the signing of a Memorandum of Understanding to host an annual Formula 1 Grand Prix of America at Port Imperial in Weehawken and West New York beginning in June 2013. while in Weehawkin, N.J. on Tuesday, Oct. 25, 2011. (Governor's Office/Tim Larsen)