PHOENIX (August 28, 2007) — After nearly two years of planning and preparing for Grand Prix Arizona, the organizers of this Champ Car race have determined that it is no longer viable and are therefore canceling the event for 2007.
“An event of this magnitude requires considerable corporate support and though we did establish some outstanding partnerships, there were simply not enough of these to create economic viability,” said Dale Jensen, owner and managing member of the sports property. “On behalf of my partner, Brad Yonover, and our staff that has worked so hard on this project, we thank everyone throughout the community – and in particular the City of Phoenix – for their tremendous support along the way. Unfortunately, current economic turmoil and the impact it has had on our sponsors precludes us from being able to produce the caliber of event we had envisioned.”
Jensen indicated that this decision has no effect on the Vegas Grand Prix, which is scheduled to start the season for the 2008 Champ Car series next April 4 – 6.
For the many race fans that had purchased Grand Prix Arizona tickets, online or by telephone, full refunds will be automatically made. For those who bought their tickets at a Ticket Master outlet, they must return them to the outlet of purchase for a full refund.