The Edmonton IndyCar race is history.
The city announced Friday that the promoter of the event, Octane Motorsports of Montreal, has told city officials it will not produce the race in July 2013 as planned.
"Despite our tight management policies and all our efforts to offer to the fans a world-class spectacle, we were not able to make this event profitable and nothing allows us to hope for a better profitability next year," Octane stated in a news release.
"This year's attendance was good, but we were also convinced that the event, especially with the quality of the spectacle offered, should have attracted many more spectators over its three days."
Octane said to survive the event needed a promise of more spectators and more support from local businesses, and that they weren't confident that would happen.
The city says it will not search for a replacement promoter, meaning the eight-year run for the event in the Alberta capital is over.
