In February, CART filed suit against Road America for failure to pay the final installment on the agreed-upon sanctioning fee for last season's Champ Car event, as well as the first sanctioning fee payment for this season's race at the Elkhart Lake, Wisconsin track.
The balance of last year's sanctioning money remained unpaid at the close of business on March 7, and, says CART, Road America was also unwilling to adhere to the current sanctioning agreement and failed to pay initial installments of this season's sanctioning fee.
Added a CART spokesman: "Furthermore, the Road America race organisers rejected a reduced and revised financial arrangement that was offered by Champ Car management as a settlement of the lawsuit.
"As a result, the series was forced to remove this year's race from its schedule in order to give its teams, sponsors and broadcast partners proper time to adjust travel and logistics schedules."
CART has raced on the road course since 1982. It says it would be willing to return to the circuit 'providing a satisfactory and professionally responsible business arrangement can be reached with an appropriate race promoter'.
