New Colorado race could replace Pro Challenge

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A group of investors plans to unveil a new professional cycling race in Colorado for 2017. The group, led by Denver businessman Ken Gart, aims to create a better financial model for professional bicycle racing — one that doesn’t rely on an individual owner.

“Our goal is to capture the excitement of pro racing, while elevating our communities to the international stage,” Gart said in a statement. “We believe by innovating on the current approach, we can avoid the challenges that have impacted so many great American races in the past 20 years.”

The Colorado race will also be linked to a proposed stage race in Virginia, says a source familiar with the event. According to the Richmond Times-Dispatch, the Virginia race is linked to Tim Miller, …

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