TWIN FALLS, Idaho -

One of two motorcycle daredevils is calling off plans to try to attempt a jump over the Snake River Canyon in Idaho that Evel Knievel failed to complete 40 years ago.

The Times-News reports "Big Ed" Beckley of Texas made the announcement on his website Saturday.

Despite spending $1.6 million on the project, Beckley has faced multiple challenges preparing for the jump near Twin Falls ever since he announced his plans nearly a year ago. Most recently, Fox Broadcasting opted out of the jump because of budget concerns and time restraints.

Beckley says he won't attempt the jump unless a network pays him several millions of dollars so he can recoup his costs.

Hollywood stuntman Eddie Braun's attorney says he will still jump the canyon Sept. 7.