The race was cancelled in 1985 due to financial problems, safety concerns, and citizen complaints stemming from the temporary street circuit's close proximity to residential neighborhoods.

[1][2] The Formula One (F1) race took place on July 8, 1984 on a temporary street circuit in Fair Park, despite pre-race organizational problems, intense 100 °F (38 °C) heat, and poor track conditions including pavement failures.

[5] Waldrop negotiated with FOCA leader Bernie Ecclestone in late 1984 in an attempt to bypass Walker and revive the event, but the effort came to naught.

[2] Dallas Grand Prix of Texas Inc. entered bankruptcy in March 1985, ending any possibility that a follow-on F1 race would take place at Fair Park.

[6] Although the Dallas Black Chamber of Commerce said the event would benefit some local Black-owned businesses, the organization and Dallas city councilwoman Diane Ragsdale said they had been excluded from the planning process, and Ragsdale told The New York Times that the failure to consult with neighbors and take noise concerns seriously were part of a historic pattern of "total disrespect for the neighborhood.

[7] Continued complaints about noise and inconvenience from nearby Fair Park homeowners led organizers to seek a less noise-sensitive venue.