Wednesday, November 25, 2009

EDMONTON JOURNAL: 2009 Edmonton Indy lost $3.9M... 2010 race in jeopardy?

"EDMONTON — Councillors are bracing for a public backlash after the city revealed Tuesday that last July's Rexall Indy car race lost $3.9 million, more than double the expected amount.

Although Edmonton's civic budget assumed a $1.5-million shortfall, revenues for the event came up short because of the economy and lower-than-anticipated grants from the provincial and federal governments, Northlands president Ken Knowles said."


"...council will decide Dec. 7 if it wants to cancel the final race scheduled for next July 25."

Click here for the full story, on the Edmonton Journal site.

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