RESURRECTION for Longford Revival Festival is ``highly unlikely'', an Octagon executive said yesterday.
The troubled festival, a throwback to Longford's racing heydays of 1953 to 1968, received $140,000 from Events Tasmania in 2011 and 2012 with the promise of a return 2013 event.
Octagon Asia Pacific president Sean Nicholls said although a definitive decision had not been made, it was not likely to return in the near future.
``No, we haven't made a definitive decision, but I would suggest it is unlikely we will be holding it again,'' Mr Nicholls said.
``I think part of the issue for us is that when we sold our motor sport business, we also sold a significant portion of the ability that we had to run motor sport events.
``Has a definitive decision been made? No.
``Is it likely that we will run the event again in the foreseeable future? No, I think it's highly unlikely.''
Full story in The Examiner tomorrow.