BALTIMORE (AP) — A Baltimore city official says parties interested in submitting a proposal to become organizers of the Baltimore Grand Prix need to do so by Saturday.

Deputy Mayor Kaliope Parthemos tells The Baltimore Sun that any interested group needs to demonstrate that it has the money and management experience to run such an event.

Baltimore terminated its contract with Baltimore Racing Development last month after the group failed to pay $1.5 million owed to the city by the end of the year.

The INDYCAR series has already added a Labor Day event in Baltimore to its calendar this year. The inaugural event on Labor Day weekend last year drew about 160,000 spectators over three days to a course through the Inner Harbor and around Oriole Park at Camden Yards.

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