Rome 's mayor announces the city will end bid to host a Formula One grand prix . The move comes after months of negotiations with local authorities and drivers over how best to use the city's vast sports facilities for the event, which is expected to draw up to 100,000 spectators from around the world Mayor says Italian capital will now focus on its bid for the 2020 Olympic Games . Northern city of Monza is the traditional host of one of F1 's oldest races .
Rome 's mayor announces the city will end bid to host a Formula One grand prix . Organizers had hoped to be added to the elite motorsport 's 2013 calendar . Mayor says Italian capital will now focus on its bid for the 2020 Olympic Games . Northern city of Monza is the traditional host of one of F1 's oldest races .