Leo Hindery Jr is optimistic that the GP of America will go ahead despite admitting that are still several "obstacles" in the way.
The race, which is expected to take place on the streets of New Jersey, was initially scheduled to take place in 2013, however, it was pushed back a year when financial issues arose.
Rescheduled for next season, F1 supremo Bernie Ecclestone recently cast doubt over the grand prix's future.
"It's not on the cards for next year," he said. "They haven't got any money."
However, Hindery Jr, the organiser of the Grand Prix of America, believes the race will take place next season after signing a 15-year deal with Ecclestone.
"We stumbled pretty badly; certainly we had hoped that we would be racing in 2013," Hindery Jr told GPUpdate.net.
"We put some fairly high hurdles in front of us, the least of which was that we insisted that it be done only with private capital and no assistance from either the municipalities or the state.
"It's something that I believe in strongly, but in a difficult financial market it became clear late last fall, really early in the winter that we would not make 2013.
"With a lot of support and frankly more patience than Bernie Ecclestone needed to give us, we had several more months to get it back on-track. We know that with his blessing we now have a 15-year executed sanctioning agreement that will allow us to race some time each June.
"Were it not for similar support from the Tilke organisation, specifically Peter Wahl and no less from [FIA Race Director] Charlie Whiting, I think I'd be pulling out what little hair I have left!"
He added: "The only obstacles in front of us now are execution, they're not structural.
"The course never changed its configuration from the time we first identified it. It's been clearly and frequently vetted by Charlie and his colleagues on behalf of the teams.
"The support we've gotten early on from [Hermann] Tilke and Peter Wahl has really held things stable. It's not exactly the budget that we anticipated back in 2011, 2012, but it's stayed close enough that we've now been able to get them to again sign the agreement."
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