Sponsorship Shortfalls Cancels 2017 Philadelphia International Cycling Classic​

The Philadelphia International Cycling Classic for 2017 has been cancelled, according to race organizers.

"Regrettably, even after extensive fundraising efforts, we were not able to find enough sponsors interested in covering the $1 million cost of the bike race to host it this year,” said Jazelle Jones, Deputy Managing Director-Office of Special Events.

Race Director Robin Morton said the decision to call off the 2017 event was not an easy one to make.

"We are keeping our hopes high for PICC to return next year," Morton said.

According to the race's website, the city has not ruled out the idea of the PICC returning in 2018.

The race has been a staple since 1985.

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