Good news and bad news. The good news is that the 12 year battle between the IRL and Champ (formerly CART) is over. The two circuits will merge and have a unified open car series for North America. The bad news is that, at least for 2008, Toronto will lose its race. The city estimates the hit to the economy will be in the neighbourhood of $50 million.
The split was regrettable to begin with if for no other reason than the Indy 500 was for a long time a truly stupid race with a lot of no-names.
I can't figure out, though, why the combined league would give up one of its biggest and most reliable revenue generators even for one year.
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