The inaugural Grand Prix of America in New Jersey will go ahead next year, according to race promoter Leo Hindery.
Hindery, a keen racer who won the GT2 class in the 2005 Le Mans 24 Hours, has no doubts that the circuit will be ready in time for next year's race even though the race was pulled from this season's calendar.
He admitted that it was over-ambitious to attempt to put on the race in 2013 and takes full responsibility for the race not happening.
But now he is certain that funding is in place to ensure that the 2014 race, the first of a 10-year contract, will happen.
"We are on track for June 2014," Hindery told AUTOSPORT.
"It was nobody's fault but mine [that it didn't happen in 2013], it's a Rubik's cube that has had to come together.
"We knew we could design the course with [Hermann] Tilke's help, we knew that the state would be supportive because we would be paying them for the privilege, but we didn't have the capital structure."
The New Jersey race is part of a mooted 21-race calendar, with the Russian GP in Sochi the other new race.
The deal is for a June race, almost certainly as the second half of a double-header with next year's Canadian GP.
Hindery insists that he has yet to be given a final date, but is happy that his organisation has a strong relationship with the Canadian GP.
"Sometime in June following Canada, that's what my envelope says," he said when asked if the race would definitely follow directly after Montreal.
"Francois [Dumontier, Canadian GP president] has been a tremendous ally,
"A good race in Montreal helps to develop a good race in Port Imperial, which helps to develop a good race later in the year in Austin."
Hindery is hoping that the race will attract plenty of interest from European visitors, in addition to drawing in local racegoers.
"We expect a lot of Europeans," said Hindery.
"New York is an easy city to get to from Europe and it's a fun city to be a tourist in.
"We also expect to introduce a lot of young Americans to a sport that they have never seen first-hand."