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IndyCar, ALMS close to new sanctioning deal with Baltimore Grand Prix
Officials with IndyCar and the American Le Mans Series American Le Mans Series Latest from The Business Journals DC Electronics sets up racing-systems shop in Mooresville Baltimore Grand Prix selling on the defensive Baltimore Grand Prix boosted hotel revenue by 44%, officials say Follow this company said they hope to have a sanctioning deal in place with the new organizers of the Baltimore Grand Prix within the next seven to 10 days.

The city announced Wednesday that it had reached a deal with Downforce Racing to organize the Baltimore Grand Prix for the next four years. The group is led by Indianapolis race promoter Dale Dillon and his partners Felix Dawson and Dan Reck, former Constellation Energy Group    Constellation Energy Group Latest from The Business Journals Baltimore Grand Prix looking to hire a handful of workers. Rowe Price sells millions of Constellation Energy shares Spurned by Exelon, former McCormick site not in line for tax breaks Follow this company (NYSE: CEG) executives who now lead Baltimore’s Wilkes Lane Capital.

While Mayor Stephanie Rawlings-Blake’s office has agreed to the deal, the organizers must work out sanctioning agreements with both IndyCar and American Le Mans for the two races to return over the next five years.

Sarah Davis, IndyCar’s senior director of business affairs, said she hopes to have an agreement ironed out with Downforce Racing within the next week or so. IndyCar is “very excited” about Dillon taking over the race, Davis said, because “obviously Dale was a key factor in helping [Baltimore Racing Development] pull off the event last year in Baltimore.”

Dillon came in three weeks before the running of the 2011 Baltimore Grand Prix to help Baltimore Racing Development execute the event.

Scott Atherton, CEO of the American Le Mans Series, said he is scheduled to meet on Saturday with Dillon to talk about the Baltimore race weekend.

Like Davis, Atherton said he is excited about the new group because “Dale’s reputation is at the highest level.” Baltimore Business Journal

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