AP photo by Darron Cummings / Simon Pagenaud leads the field through the first turn after the start of the 2019 Indianapolis 500 on May 26 at Indianapolis Motor Speedway. This year's Indy 500 was scheduled for May 24 but has been postponed until Aug. 23 because of the coronavirus pandemic, meaning the iconic race won't be held on Memorial Day weekend for the first time since 1946.

The Indianapolis 500 has been postponed until August because of the coronavirus pandemic and won't run on Memorial Day weekend for the first time since 1946.

The race will instead be held Aug. 23, three months later than its originally scheduled date of May 24. IndyCar announced the change Thursday.

"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," motorsports giant Roger Penske, who finalized his purchase of IndyCar and Indianapolis Motor Speedway earlier this year, said in a news release.

"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 Indianapolis 500 began in 1911 but did not run in 1917, 1918 and from 1941 to 1945 because of World Wars I and II. Tony Hulman bought the neglected speedway after the second war, and the Indy 500 returned on Memorial Day weekend in 1946.

It has been scheduled for that weekend every year since, a familiar fixture for untold millions of fans over the years. Although weather has occasionally disrupted the prestigious race, it had never been outright rescheduled until now.

"In times like this it is all about leadership and communication. We have both in IndyCar and NASCAR," said Chip Ganassi, who fields cars in both series.

NASCAR has not altered its plan to resume racing with a top-tier Cup Series event May 9 at Virginia's Martinsville Speedway.

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AP file photo by AJ Mast / Roger Penske, whose Team Penske includes IndyCar entries, completed his purchase of the IndyCar Series and Indianapolis Motor Speedway earlier this year. On Thursday he had to announce the series and track's iconic Indy 500 would not be held on Memorial Day weekend this year.

Postponing the Indy 500 seemed an inevitable decision but still had to be difficult for Penske, who has already pumped millions into capital improvements to ready the historic speedway for its first 500 under new ownership.

"Memorial Day weekend has always provided Indianapolis 500 fans an opportunity to honor the men and women who have fought and sacrificed for our nation's freedom," said Mark Miles, the president and CEO of Penske Entertainment Corp. "This August, we'll also have a unique and powerful opportunity to honor the contributions and heroism of the doctors, nurses, first responders and National Guard members serving on the front lines of the fight against COVID-19."

Miles also thanked NBC, which took over broadcasting the marquee race just last year from ABC. NBC is already scrambling after this week's postponement of the Tokyo Olympics to 2021; the Summer Games had been scheduled to open July 24 and run for nearly three weeks.

Penske had been eagerly anticipating the March 15 start to the IndyCar season, but he was forced to suspend the series 48 hours before the scheduled opener in St. Petersburg, Florida, when the coronavirus outbreak was declared a pandemic.

Four races were initially scrapped, and IndyCar said it would resume racing May 9 on the road course at Indianapolis Motor Speedway. The opening race is now listed as May 30 in Detroit, but the schedule is in flux.

The IMS road course race will now be run on July 4, a day before NASCAR's Cup Series holds its Brickyard race on the IMS oval in an unprecedented doubleheader for the two series.

The IndyCar race on the streets of St. Petersburg is now at the bottom of the schedule without a date. It is not clear if that means it would be the season finale, or if it could be wedged elsewhere into a schedule that is constantly changing.

Races at Barber Motorsports Park in Birmingham, Alabama, Circuit of the Americas in Texas and Long Beach, California, will not be rescheduled. IndyCar moved the August race dates for Mid-Ohio Sports Car Course one week earlier and World Wide Technology Raceway outside of St. Louis one week later, while the Grand Prix of Portland (Oregon) was moved from Labor Day to one week after.

As for the Indy 500, the new schedule will begin with practices Aug. 12-13, followed by "Fast Friday" on Aug. 14 and weekend qualifying the next two days. Nothing else is scheduled until Aug. 20, with the final Indy 500 practice on Aug. 21 as part of Carb Day.

"I'll tell you this, no matter what day or month or time they run the Indy 500, it's the greatest race on the whole planet Earth," said Bobby Unser, who won the Indy 500 in 1968, 1975 and 1981. "We'll just have it in August this time, and it will still be super, super good."