During the 2017 Montreal Municipal Election campaign, Valérie Plante said that she would either move the Formula E electric car race to Circuit Gilles Villeneuve or cancel it. Today, she made good on that promise.
Moving it from the southeastern most part of Downtown where it caused numerous headaches for local residents and businesses last year to the world-class racetrack just a metro ride away wasn’t an option for 2018, so she tried to postpone for one year. The Fédération Internationale de l’Automobile (FIA), the governing body of Formula E, wouldn’t have it, so Plante cancelled the race.
FIA tweeted their reaction to the news with quite a bit of snark:
— FIA Formula E (@FIAFormulaE) December 18, 2017
Of course, spiraling out of control into a guardrail is a pretty apt metaphor for how many Montrealers felt about the way former Mayor Denis Coderre and his administration handled the race’s Montreal debut last year. The disruptions were one thing, but the cost and lack of return for it is a whole other story.
The race’s local promoter Montreal it’s electric, a non-proft organization started by the city under Coderre, gave away 20 000 tickets to boost attendance at the race to 45 000. Voters only found this out a few days before the election and it may have been one of the things that put Plante over the top on election day.
Today, in a press conference announcing the cancellation, Plante revealed that Montreal it’s electric already went through its $10 million line of credit from the city and still owes $6.5 million. Plante figures that if you add that cost of running the race again by building a temporary track, it would cost Montreal between $30 and $35 million just for 2018.
Yes, cancelling the Montreal Formula E, which was supposed to run for two more years, comes with penalties, but Plante argues that it will be much cheaper than going ahead with another edition following last year’s costly Coderre model.
It’s also interesting to note that Montreal is/now was the only city to fund the race. Perhaps Coderre wasn’t the best negotiator.
Plante and most Montrealers would probably agree that promoting electric cars is a good thing, as is attracting international events. Paying millions and disrupting city life is just not the way she wants to do it.
* Featured image is a screengrab of the still unchanged Montreal Formula E website