Friday, March 15, 2013

Exergy Development Group Cancels 2013 Exergy Tour

Posted By on Fri, Mar 15, 2013 at 11:53 AM

Racers of the 2012 Exergy Tour as viewed from a support vehicle.
  • Jessica Murri
  • Racers in the 2012 Exergy Tour as viewed from a support vehicle.

Last year, cycling fans looked to Boise for the largest women's professional bike race in the nation, the 2012 Exergy Tour. The five-day women's cycling event drew dozens of racers to grueling stages in downtown Boise, Idaho City and other locations in the valley.

However, Exergy Development Group announced March 14 the tour will not be held in 2013, citing financial problems. Officials had hoped co-sponsors would assist financially after Exergy Development Group spent millions on the inaugural Exergy Tour, according to a statement.

"Exergy Development Group was the sole financial contributor to the 2012 Exergy Tour, which stood out as the pinnacle event in the women’s cycling calendar," according to the release.

In August 2012, the vice president of Exergy Development blamed Idaho's "negative political climate" toward renewable energy for the company's financial woes. VeloNews reported Exergy was "unable to pay its contracts" with a number of partners.

"It is our goal to resume the Exergy Tour in 2014, and we highly encourage more people to boldly take a stand to dramatically overhaul the sport and to take a leadership role in support of women’s cycling," according to officials.

From the release:

We apologize about the delayed announcement and have made every attempt to make this event possible because we believe in women’s cycling and the opportunities and exposure this race provides. The company remains determined to provide equal opportunities for women’s professional cycling, and shall continue to support our team, Exergy TWENTY16. As stated in November, our company will maintain investment in the future through youth development and community engagement by fostering inspirational examples. Exergy remains unwavering in our commitment to recalibrate the sport of cycling and impact it globally. We are deeply saddened by our announcement.

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