Indy Race Stays in Edmonton
January 11, 2011
Indy car racing is staying in Edmonton. The City of Edmonton and Octane Motorsports Events, Inc. have reached a deal for Octane to promote the race, and Octane has a sanctioning deal in place with the Indy Racing League for 2011-2013.
“Tenacious work by our administration, the support of the local business community and the efforts of Octane Motorsports all mean Edmonton race fans have something to cheer about,” said Mayor Stephen Mandel. “This is exciting news, and it demonstrates the depth and breadth of our commitment in this City to making events like this happen.”
The City of Edmonton and the local business community bridged the financial gap of paving a new track layout at the Edmonton City Centre Airport. The City will recoup $2 million of the approximate $3 million of paving costs by using the trackside area to meet pent-up demand for parking when the race is not running.
The remaining $1 million will be covered by sponsorship funding, and goods and services-in-kind from the local business community.
“We saw the value in this event and we are proud to be part of building this city by supporting events with international profile like this,” said Richard Skermer with Race Week Edmonton. Race Week Edmonton has been a key local catalyst for action to keep the race in Edmonton.
The race will be held July 22, 23 and 24, 2011. City Council agreed in 2010 to provide $5.5 million in sponsorship to the race over the next three years.
For more information:
3rd Floor, City Hall
1 Sir Winston Churchill Square
|Title||Senior Communications Advisor|