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The GP in Texas is already close to the west coast, so why would there be another. The closest the east coast gets is Indianapolis, maybe Montreal, so this isn't unfair.
Also, as far as how real this is, the mayors of 2 NJ cities scheduled a press conference for Thursday to be held in the area that was discussed as the location.
Personally, I like a bit of work to get to a GP. I don't want it a 1 hour subway ride away. I'm corossing my fingers against.
EIT by CRASH.NET! Inapropriate remark removed.