Like any terrible/great idea, it will likely continue to grow back from its roots every few years. But for now, for the 2014 calendar, Ecclestone says the planned Grand Prix of America at the Port Imperial street circuit will not happen, according to CNN.
The problem? A lack of funds raised by the organizers to support the race.
Fortunately for American F1 fans, there's still one other F1 Grand Prix here at home: the United States Grand Prix at the Circuit of the Americas in Austin, TX. Unlike the proposed Grand Prix of America, the USGP is on a real racing circuit--and it's one of the newest and best in the world.