The mayor of Valencia rejected a proposal that might have saved the European grand prix.
When it became clear the race on the streets of the Spanish port city was no longer financially viable, the regional president Alberto Fabra made a proposal to the Valencia mayor, Rita Barbera.
"He spoke of the possibility of involvement, but he spoke to me about Cheste, and I have an urban circuit," Barbera is quoted by El Pais newspaper.
"The budget of Valencia is for Valencians," she insisted.
The permanent Ricardo Tormo circuit, located 26 kilometres from Valencia in Cheste, hosts a MotoGP race. It has also been a popular circuit for F1 testing.
Meanwhile, Bernie Ecclestone has...
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