I have just pulled the following report off soc.bicycles.racing
It's dated April 7th so I assume it's not an April 1st prank:

"Resort scraps Killington Stage Race"

<snip>...after years of spending large amounts of
         money on an event (whose) demographics didn't match
         Killington's, it was time to move on to other events that
         focus on Killington's core visitor."

         Jackson described "core visitors" as skiers and snowboarders.

http://rutlandherald.nybor.com/News/Story/23946.html

April 7, 2001

              By BOB FREDETTE Herald Staff

              The "Beast" is dead.

              The Killington Stage Race, a widely popular part of
              Vermont's late-summer tapestry of events during the last
              three decades, has been dropped by the Eastern ski
              resort.

              The "Beast of the East," so named for its grueling climbs,

              five-day format and attractiveness to the country's top
              men and women professional cyclists, brought thousands
              of cyclists and spectators to the Killington region since
              its inception in 1986.

              But Killington, which assumed control of the event from
              race founder Breakaway Promotions in the mid-90s,
              says the KSR has consistently lost money.

              "Each year the stage race typically didn't produce any
              better than a net loss of around $50,000 and the
              event is very labor intensive. It was all hands on deck,"
              Killington spokesperson Kim Jackson said Friday.

              "I am truly saddened to see the event end as it puts us all
              in touch with an enormous group of wonderful people,"
              race director Debbie Makowsky wrote in a press
              release.

              "Plus it was great fun to pull together. It is unfortunate
              for the cycling community to lose such a stellar event;
              however, it became clearly evident from a business
              standpoint after years of spending large amounts of
              money on an event (whose) demographics didn't match
              Killington's, it was time to move on to other events that
              focus on Killington's core visitor."

              Jackson described "core visitors" as skiers and
              snowboarders.

              The race not only showcased top professional talent like
              Mike Engleman, Frankie McCormack, Tyler Hamilton,
              George Hincappie and Linda Jackson, but included
              classes that allowed amateur cyclists to compete.
              Thousands of riders participated in the KSR during its
              15-year-history.

              The KSR earned the reputation early in its run as one of
              the top - if not the top - stage races in the country. Its
              eventual five-day format included a steep prologue climb
              up the Killington Access Road, a treacherous ascent
              over the Brandon Gap as part of the Brandon Gap
              Race, and the popular criterium race through downtown
              Rutland the Sunday before Labor Day. The Rutland
              business district would teem with spectators and be
              virtually ablaze in colors worn by members of teams like
              Shaklee, Team Timex, the U.S. Postal Service and
              Coors Light.

              In an effort to make the race more financially viable,
              Killington pared back the format to three stages in 1999.
              But sources close to the race have said that as the title
              sponsor of the race, Killington was never able to secure
              the kind of outside sponsorship money that would offset
              the races' losses.

              Killington staff members would begin work "four to five
              months prior to the event itself," Jackson said. "We
              would start in February working with the community.
              Everyone had to work hard to be able to get it together
              for that weekend."

              Staff writer Chuck Clarino contributed to this story.
--

Avery Burdett
Ottawa, Ontario

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