The new mayor of Montreal has cancelled the Formula E race in Montreal that had been planned for July 2018.
When Montreal Mayor Valérie Plante’s administration learned taxpayers would be expected to shell out up to $35 million for the second edition of the race in 2018, she cancelled the race.
“Montrealers have made it clear that we can’t waste their money on poorly planned projects that don’t serve them,” Plante said. “It was clear as of last May that the organization was headed straight for a financial fiasco,” she said.
The organizers for the Montreal race owes creditors $6.2 million for unpaid bills and is $9.5 million into its line of credit.
