>


Advertisement
Hot News
for your iPhone
for your iPad
Go to our forums to discuss this news
DATE News (chronologically)
02/10/12
irl
Baltimore Grand Prix: City picks new management team
City officials are completing a five-year deal with a new group to manage the Baltimore Grand Prix and plan to announce the terms of the deal Wednesday, Mayor Stephanie Rawlings-Blake's office said Friday.

"We have worked hard to learn from past experiences to ensure that this new agreement is in the best interests of taxpayers and will bring a successful, world-class sporting event that Baltimore can be proud of for years to come," Rawlings-Blake said in a statement.

The mayor's office did not say who would receive the contract to operate the three-day racing festival.

Those close to the discussions say the city has been negotiating exclusively with Dale Dillon, an Indianapolis-based contractor. Sources say Dillon plans to partner with Felix Dawson, a former Constellation Energy executive, to organize the race.

Both men played a role in the group that organized last year's race, the first time the IndyCar series came to the city. Dillon served as Baltimore Racing Development's general manager in the final weeks before the race, and city officials praised his ability directing the operations. Dawson invested in the racing group.

Rawlings-Blake's office canceled Baltimore Racing Development's contract late last year, after the company failed to pay $1.5 million in city taxes and fees — part of the group's estimated $12 million in debts overall.

It is unclear whether the city will require the new group to repay any of Baltimore Racing Development's debts to the city, state, vendors and investors.

The deal is slated to be presented to the Board of Estimates, the city's spending panel, on Feb. 22, according to the mayor's statement. Baltimore Sun

Hot News Archives
2000 2001 2002 2003
2004200520062007
2008200920102011
2012201320142015

Search Hot News
Search Help