Valencia F1 barriers to be used at New Jersey F1 track 18 October, 2013 Valencia barriers rusting away at the fast decaying former F1 venue Formula 1 chief executive Bernie Ecclestone is reportedly using the demise of Valencia’s Formula 1 project to give organisers of next year’s provisional New Jersey race a boost. We reported this week that Ecclestone has agreed to terminate Valencia’s contract without financially penalising the Spanish hosts. It means the Valencian government is avoiding a reported € 54 million in contract-break costs. “What we have agreed,” said president Alberto Fabra, “is that we will not use any equipment at other circuits.” The Spanish sports newspaper Marca has now revealed more details of Ecclestone’s termination deal with Valencia. “Everything in Formula 1 has a price,” wrote correspondent Paul Juanarena. He said Ecclestone has negotiated to take possession of Valencia’s street circuit equipment, including more than 10 kilometres of fencing and barriers, worth several million Euros. The beneficiary, Juanarena explained, would be organisers of the financially-pressed inaugural New Jersey Grand Prix, whose place on the 2014 calendar is conditional upon “circuit approval”. (GMM) Subbed by AJN. Related NewsNew Jersey and Mexico feature on 22 race 2014 Formula 1 calendarNew Jersey back on new 22 race 2014 F1 calendarEcclestone has not yet written off New Jersey raceWork still underway on 2014 New Jersey trackNew Jersey race still possible as preparations are on courseNew Jersey not on 2014 F1 calendar says EcclestoneNew York grand prix will happen says promoterLong Beach’s Pook joins New Jersey F1 projectMore snags for F1′s 2014 New Jersey raceLong Beach talks a warning to New Jersey organisers Spartacus I’d have thought that the cost of taking them down, shipping them, and then modifying them for erection again would have been enough to justify New Jersey having them made locally. At least that would give some Americans a job. However, removing the infrastructure to prevent Valencia ever trying to host another race is no bad thing! Boycottthebull Handing over barriers that wont be used anymore and recycling them for another circuit that gets them for free and getting a 50 million fine waived seems pretty fair and logical to me. Bernie being so generous and oddly making sense for a change, whats the catch?