The IZOD IndyCar Series is set to race in Toronto through at least 2014, it was announced at a news conference in the Canadian city on Monday. The conference announced that contract renewals have been signed with the City of Toronto, Honda Canada, Exhibition Place, Tourism Toronto and IndyCar.

“Toronto is, by far, one of our very favorites,” said IndyCar CEO Randy Bernard, who attended the news conference. “It's my favorite because of our passion our drivers show here. They're not afraid to get in a few fights and let their voices be known.”

The event will continue to be managed by Green Savoree Racing Promotions, which was created in 2009 to manage the Toronto race with a focus on partnerships, spectators and fiscal responsibility.

“Auto racing is exciting and accessible for fans, but it is also very attractive to corporate and public partners,” said Kim Green, co-owner of Green Savoree Racing Promotions. “We wish to thank Honda Canada and all of our partners for helping us bring the Honda Indy Toronto to life.”

Added Charlie Johnstone, vp and general manager of the Honda Indy Toronto: “This event is a part of our heritage, our fabric and our future. We take the responsibility of putting on a good show very seriously and it is clear that a growing community of partners and fans believe in our vision and are ready to take a stake in the event.”

This year's Honda Indy Toronto is scheduled for July 6-8.