MINNEAPOLIS (WCCO) — Due to a budget deficit, the North Star Grand Prix cancelled their annual Minnesota bicycle race festival. The decision comes after unsuccessfully crowdfunding the multi-day June event, which was set to take place across three courses in Minneapolis, St. Paul and Stillwater.

The race organizers started a GoFundMe page to save the race from being cancelled. They asked for $200 thousand by May 3, but only $12 thousand was raised. The organizers say donors will be refunded.

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This year’s event was set to be the first-ever Union Cycliste International women’s cycling event and anticipated hosting various national champions. North Star Grand Prix says they have hosted 32 Olympians to date.

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This will mark the second cancellation in a row. Last year’s Minneapolis road construction combined with “resource and fiscal factors” prompted 2018’s cancellation, race director Brendon Hale said.

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The North Star Grand Prix began as the Nature Valley Grand Prix in 1999, changing sponsorship in 2013.