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http://moto-racing.speedtv.com/article/ama-sbk-david-atlas-on-vir-cancellation-options (http://moto-racing.speedtv.com/article/ama-sbk-david-atlas-on-vir-cancellation-options)

"VIR has received a number of inquiries and expressions of disappointment regarding
the lack of a 2011 AMA Pro Racing event at VIR. As with any disagreement, there are
two sides to every story. We want to make it clear that the decision was not one-sided,
as David Atlas' remarks have implied, and that VIR made numerous proposals to AMA
Pro Racing to keep this event on schedule. Due to our 10 year history with this
premiere event, we are as disappointed by this outcome as most of those we have
heard from.
VIR has worked hard to bring the event to fruition for months. Despite requests by VIR
beginning in December 2010, AMA Pro Racing did not deliver its proposed contract for
the 2011 event to VIR until early June 2011. Resulting discussions made it apparent
that insufficient time remained to negotiate the new terms in the proposed contract and,
if agreement were reached, to plan, promote and conduct the event in a professional
manner.
In an effort to preserve the date, VIR went to extraordinary lengths to reach an
alternative agreement with AMA Pro Racing, which AMA Pro Racing chose to reject.
Given these circumstances, we had no choice but to take the date off the calendar and
notify the public promptly."

Once again it sounds like DMG is full of it:

http://dl.dropbox.com/u/23634519/VIR%20Statement.pdf (http://dl.dropbox.com/u/23634519/VIR%20Statement.pdf)

...apparently no "signed contract."

  As others have said VIR management can be difficult to deal with and I haven't seen this kind of problem regarding DMG/AMA with other venues. Guess time will tell. 

if you request a contract in December but receive it in June.. and there is always (a month or two of) back and forth once you actually lay hands on the document.. that's just not enough time.

I am sure DMG requested a contract before then, or at least, if they are smart in terms of promoting and so forth, they would normally have asked for a contract at the closure of the previous season with attendance numbers and so forth to help dictate the grounds or negotiations in that contract. VIR does their best to accomodate sanctioned racing bodies with the scheduling of their events 1st, before farming the remainder of open dates out to schools and track orgs, hence why we have to wait until January for to formally recieve our dates. Ask on the WERA or CCS or NASA or SCCA forums of any of the other event racing series that are hosted there repeatedly if they have issues.

also, FWIW, AMA/DMG did themselves no good service or favors in this issue by not following up with VIR and yet promoting and scheduling an event that was not confirmed or contracted.

There's a saying about opinions.

The American Historic Racing Motorcycle Association will still be at Virginia International Raceway the weekend of Aug. 12-14 although the AMA Pro Racing event was canceled.

This year, the vintage motorcycle racing organization expects to have more than 100 competitors with both vintage and modern motorcycles and sidecars, according to a news release.

The association invites motorcycle enthusiasts, clubs and spectators to watch a full round of practice Friday followed by racing Saturday and Sunday that weekend.

That didn't take long, in fact suit was filed by VIR on July 5th

http://roadracingworld.com/news/article/?article=45303 (http://roadracingworld.com/news/article/?article=45303)

indeed, but there is a history here...

m1 promoted a successful event for years at road atlanta. the track took promotions in house, attendance declined, and now there's no event at road atlanta.

when road atlanta non-renewed m1's contract, they took they're show (the big kahuna nationals) to vir. after years of profitable events, vir non-renewed m1's contract and took promotions in house. now there's no event at vir.