Milan 's mayor says the city will end bid to host a Formula One grand prix . `` We have an Olympic dream that is still going on . Organizers had hoped to be added to the world motorsport 's racing calendar . Mayor says Italian capital will now focus on its bid for the 2020 Olympic Games . Northern city of Monza is the traditional site of one of F1 's oldest races .
Milan 's mayor says the city will end bid to host a Formula One grand prix . Organizers had hoped to be added to the world motorsport 's racing calendar . Mayor says Italian capital will now focus on its bid for the 2020 Olympic Games . Northern city of Monza is the traditional site of one of F1 's oldest races .