INDIANAPOLIS (WISH) — The Indianapolis 500 has been postponed.

Indianapolis Motor Speedway made the announcement on Twitter Thursday afternoon.

“The Month of May at the Indianapolis Motor Speedway is my favorite time of year, and like our fans, I am disappointed that we have had to reschedule the Indianapolis 500,” Roger Penske said in a statement. “However, the health and safety of our event participants and spectators is our top priority, and we believe that postponing the event is the responsible decision with the conditions and restrictions we are facing. We will continue to focus on ways we can enhance the customer experience in the months ahead, and I’m confident we will welcome fans with a transformed facility and a global spectacle when we run the world’s greatest race.”

The GMR Grand Prix has been moved to July 4 and will be part of a doubleheader with NASCAR.

Carb Day has been moved to Aug. 21. Legends Day is now Aug. 22. Ticket and wristband holders will be offered refunds or account credit.

All Month of May concerts have been canceled.

News 8’s Olivia Ray, listening to a midafternoon news conference with Indianapolis Motor Speedway officials, reports the steps IMS used to rescheduled the Indianapolis 500 to Aug. 23:

• The main priority was to find a way to have the Indy 500.
• Giving fans time to plan so they could attend in August.
• Working with NASCAR rescheduling.

Indianapolis Motor Speedway officials also said in the midafternoon news conference that they will not change the TV blackout, so the rescheduled race will not air on TV in central Indiana.

You can learn more about IMS plans here.