After negotiating between the Canadian government, Canadian GP officials and the FIA for weeks, they all failed to reach an agreement that would put the race back on the F1 schedule for 2009.
According to a statement made by the City of Montreal (translated by the BBC) the FIA had made unreasonable demands in the final contract offered to them on October 28th, and they also wanted a government or bank guaranteed amount of $114 million over the next 5 years in order for the race to be put on the calendar. They also said that no private promoter would be willing to put forth that kind of money considering that the race wouldn’t bring anywhere near what the FIA was wanting.
Gerald Tremblay, mayor of Montreal had this to say on the subject: “Despite our endeavours, the unreasonable demands of Formula One exceeded the taxpayer’s ability to pay.”
First Indy, now Montreal are gone, which means no races in North America for 2009. 😦