Atlanticade leaving Summerside for Moncton, N.B.

Summerside has lost a major motorcycle festival that it's hosted the past three years to the city of Moncton.

Its contract to hold Atlanticade, which attracts as many as 12,000 bikers from all over North America, expired.

Both Bathurst, N.B. and Moncton, where the festival started, expressed interest in having it return to the province. It was also held in St. Andrews, N.B. in past years. Founder and organizer Dale Hicks says it was a great run on P.E.I.

"Everybody enjoyed it, the three years on Prince Edward Island," he said. "There's no doubt the Island is a beautiful spot for riding your bike. Probably one of my favourite spots to ride my bike."

On Tuesday, organizers announced the ninth edition of the festival will be held in Moncton July 1 to 5, 2015. It will be held at the same time the city holds its second annual Ribfest.

When the contract ran out, Atlanticade organizers said several factors would determine which city got the rally. They were looking for funding, local sponsors and volunteers.

"Moncton has some additional things to offer," Hicks said. "There's five motorcycle dealerships here that represent 13 motorcycle brands. It's just easier logistically."

Organizers estimate Atlanticade means $1 million to $3 million in business to the city where it's held.