After leaving the United States market following the collapse of the U.S. Grand Prix in 2007, Formula One might be looking to re-enter the American market in a big way. SpeedTV.com reports that Formula One chief executive Bernie Ecclestone told an Italian newspaper last week that the organization is “trying to organize a Grand Prix in New York” for the 2010 season.

It’s unclear where the race would be held. Crash.net speculates it could be held on a vacant industrial site on Staten Island or through the streets of Manhattan. The last time a Formula One race was held in the United States was at the Indianapolis Motor Speedway from 2000 to 2007, but the race never recovered from the fiasco in 2006 where 14 drivers withdrew from the race over concerns about tire safety.

Ecclestone also mentioned that Formula One would be looking to add additional venues in the future, including Korea in 2010 and India in 2011.