West New York Mayor Felix Roque has dismissed claims by Bernie Ecclestone that the 2014 Grand Prix of America is officially off.
Formula One surpremo Ecclestone revealed on Friday that the inaugural race in New Jersey has been cancelled telling CNN: "It's not on the cards for next year. They haven't got any money."
However, Roque insists the race at the Port Imperial Street Circuit will go ahead as planned next year.
"As far as we are concerned, the race is still on," he is quoted as saying by Nj.com. "(Construction crews) are working diligently on Boulevard East, getting curbs and sidewalks done. ... They are out there today."
He added: "The race will be a big boom to the local and state and economy. This will put us on the map worldwide."
Finances remain a major sticking point, but organisers say they will only comment on any issues related to the race once the FIA has released its 2014 calendar.
"We appreciate the opportunity to comment on the story, but we don't discuss media reports or financial matters," a spokesman for the Grand Prix of America at Port Imperial said.
"We will have a statement after the FIA announces the 2014 calendar. Until then, we're continuing to prepare for the 2014 Grand Prix of America at Port Imperial."
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