Thursday, 10 November 2011

Baltimore facing uncertain future

IndyCar's hopes of returning to Baltimore have been cast into doubt after city officials threatened to withdraw their support of the event over claims that they are still owed money by the race organisers. According to The Associated Press , Baltimore deputy mayor Kaliope Parthemos said that Baltimore Racing Development "has not honoured the terms of its contract," and that it must "work immediately to pay debts owed to the City and State ... aggressively work to repay any debts to vendors, and present a restructured company and management team, or the City will terminate its contract with BRD." It is understood that up to $1.5 million in tax and debts are owed to the local authorities, which covered the cost of roadworks in the lead-up to the event and provided police, parking and other services.

Source: http://www.iracing.com/inracingnews/real-world-racing/indycar-news/indycar/baltimore-facing-uncertain-future/

Bill Holland Jackie Holmes Bill Homeier Kazuyoshi Hoshino Jerry Hoyt

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