In July 2021 it was announced a new race for the electric-powered FIA Formula E World Championship, the Vancouver ePrix would be run on the reconfigured 2.21 km (1.37 mi) track on the same site.

Such debates were chronicled by Mark Douglas Lowes in his 2002 book, Indy Dreams and Urban Nightmares: Speed Merchants, Spectacle, and the Struggle over Public Space in the World-Class City.

[6] The official explanation for the cancellation came from Jo-Ann McArthur, president of sponsoring Molson Sports and Entertainment, who stated that "the bottom line is the business model couldn't work".

She stated that the lack of a long-term commitment to holding the event made it difficult to attract sponsors to continue the race.

[8] Following the cancellation, Champ Car continued to race in the Canadian cities of Toronto, Montreal and Edmonton as part of the 2005 season.