Organizers of The Great Bull Run chose Canterbury as one of 10 sites around the nation to host a stampede, but the racetrack hadn't made any formal arrangements.
Canterbury spokesperson, Jeff Maday, told WCCO-AM Thursday that the board wasn't comfortable with the insurance and liability issues surrounding the event.
The Great Bull Run's website still has an event planned for the Twin Cities next May, but a location has not been determined. Runners are expected to sprint down a quarter-mile track while twelve 1,000-pound bulls are released.
Last week, eight people were injured after a bull broke loose at a rodeo event on the Dakota County fairgrounds. A sheriff's deputy shot the animal twice, but it was not deterred. The animal was eventually put down by its owners.