Canadian city takes steps to save IndyCar race

November 29, 2010

Edmonton might remain on the IZOD IndyCar schedule after all. The race appeared dead earlier this month when the city and promoter could not agree to terms. The Edmonton City Council approved a plan involving an additional $3 million in parking revenues and private partnerships.

That is expected to pave the way for Montreal-based Octane Motorsports Events Inc. to serve as race promoter for the next three years.

The Edmonton Sun has also reported the race is expected to held in late July, health but the promoter still has to re-work a deal with IndyCar.

Octane also runs the Formula 1 Canadian Grand Prix and NASCAR Nationwide races in Montreal.