Montreal’s mayor has decided to cancel the controversial Formula E race.
READ MORE: Montreal’s Formula E run-up has drivers seeing red
Valérie Plante says cost overruns and sponsorship woes are two of the reasons for the decision.
READ MORE: Businesses not seeing same excitement behind Formula E compared to F1
She told reporters at city hall Monday afternoon keeping the event in 2018 would cost taxpayers between $30 million and $35 million.
READ MORE: As the Formula E electric car race kicks off, the question is: Was it all worth it for Montreal?
Only 25,000 tickets were sold for this past summer’s event, which became a hot potato in the fall election campaign that saw Plante defeat Denis Coderre, the driving force behind the race.
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Streets to reopen after Formula E -
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Formula E race creating buzz -
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Montreal’s Formula E drivers seeing red -
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Montreal’s Formula E triggers road race rage -
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Montreal’s Formula E race inaugurated -
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Montreal Formula E causing traffic confusion -
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Denis Coderre defends Montreal’s Formula E -
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The quietest Formula race ever
Plante says the only way the race can return is for the city to clean house and work on a better business model.
READ MORE: Streets in downtown Montreal to reopen after Formula E race
The mayor says her party started looking into the file as soon as it won November’s election.
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