Longtime member of the organization, Tom Saddlemire, spoke on behalf of the Tour's Board of Directors.
"We believe this unique and exciting event willl endure. We've decided to use 2009 as a time to plan ahead and properly position the Tour de Georgia to make best use of new partnerships we forged in 2008."
Chairman of the Tour's Board, Lieutenant Governor Casey Cagle, had these comments.
"This is a decision I feel is wise and one that will strengthen the Tour for years to come".
The 7-day-long Tour de Georgia bills itself as North America’s premier professional cycling event. But it's struggled financially as it could not find a title sponsor the last two years.
Support in the Tour de Georgia declined following Lance Armstrong’s retirement. The announcement to cancel the race came despite Armstrong’s recent comeback, including tenative plans to return to the Georgia event.