Mazda Raceway Laguna Seca has lost its place on the 2014 MotoGP calendar.
The circuit first hosted the series in 1988, and has been on the schedule every year since 2005. This year it was one of three U.S. tracks on the MotoGP schedule, along with Indianapolis and the Circuit of the Americas in Austin.
A statement from the circuit said that trio of races had proved unsustainable, however, and that the Monterey track could not compete with the other venues.
"For 25 years, Laguna Seca has served as the 'home' for grand prix motorcycle racing in the United States, having staged 15 world championship grands prix since 1988," the statement read. "Unfortunately, and in spite of loyal support from fans, sponsors and media, there will not be a 16th US Grand Prix in 2014.
"At this time, the U.S. is only able to support two MotoGP events. The support provided by the states of Texas and Indiana make it difficult for us, as a not-for-profit, to currently compete.
"Laguna Seca extends its gratitude to all those whose combined efforts made the U.S. Grand Prix such an iconic event; it took all of you – fans, sponsors, motorcycle community, media, volunteers and, not the least, [MotoGP promoter] Dorna Sports. Our pledge to you is to work diligently to return the MotoGP World Championship to Monterey, Calif., in the very near future."
A provisional 2014 calendar is expected to include a new round at Argentina's Termas de Rio Hondo circuit, which missed hosting a race this year due to political disputes.