Formula One is set to have two grands prix per year in the United States with New Jersey to be announced as a venue later today, Press Association Sport understands.
After many failed attempts to establish the sport in the country, F1 supremo Bernie Ecclestone is understood to have given the green light to have two GPs each year from as early as 2013.
Plans are already well advanced for a race next season at a new facility in Austin, Texas, and now the New York skyline could form the backdrop for a second event.
An announcement is expected later today, to be followed by a press conference involving the Mayors of Weehawken and West New York.
Both Richard Turner and Felix Roque have already gone on record supporting the idea of a race on the streets of New Jersey, which they reportedly plan to fund through outside investment rather than public funds.
Several cities tried and failed to become the established home of F1 in the United States, with the race being run in New York, Detroit, Dallas, Phoenix and Las Vegas.
Indianapolis staged the race eight times up until 2007 but irrevocable damage was caused to its reputation in 2005 when only six cars took part following a dispute over tyres.
Ecclestone has prided himself on taking the sport around the globe and now appears to have two chances to tap into the lucrative American market.