What a shame
The Canadian race, which has been a permanent fixture on the calendar since 1978, was surprisingly axed from a provisional 2009 schedule issued last month following financial disagreements over this year’s race.
Montreal chiefs had quickly expressed their desire to find a way back and a delegation flew to London to meet with Ecclestone later that month, before the city worked on a package to present to Ecclestone which included input from the local tourism industry.
But in a statement issued on Sunday evening, Tremblay said Montreal was not willing to pay the kind of money Ecclestone was asking for.
"We were constantly guided in our negotiations by principles of responsible management,” the statement read.
“However, despite our endeavours and those of the business community, the unreasonable demands of Formula 1 exceeded the taxpayer's ability to pay.
“I would like to thank my colleagues from the federal and provincial governments and members of the business community who joined forces in an attempt to save the Grand Prix.
“Their concerted efforts attest to Montréal's vitality and could prove an opportunity for creating a development fund for new events of all kinds that would stimulate the economy, tourism and employment."
rofl: 
