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NJ Town Says It's Owed $500K Over Formula 1 Plans

By Alex Wolf ( June 19, 2015, 7:11 PM EDT) -- A New Jersey town which had agreed to host a series of Formula 1 Racing events has sued the company that had vowed to bring races to the Garden State, saying it has failed to reimburse the town $500,000 pursuant to a memorandum of understanding for upfront costs....

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