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It was old news by the time it was official. On Sept. 10 CART announced it would consolidate its two primary development series into one, using the Toyota Atlantic Championship chassis, engines and rules. Atlantic as we know it would live; after the 2001 season, Indy Lights was finished. It was just a matter of knowing what date to carve on the Lights headstone.
CART spun things in positive fashion, suggesting the single support series would be more competitive, healthier and more lucrative for race teams. That was in the release distributed to the media. At the same time, CART informed a cluster of Wall Street analysts that it would take an $8.1 million charge ...