Grand Prix Organizer's Finances To Be Kept Private

BALTIMORE (AP) -- The contract with the new promoter for the Baltimore Grand Prix has a provision that calls for keeping the race's finances private.

The Baltimore Sun reports that in a section of the contract being considered this week by the Board of Estimates, Downforce Racing's information will be kept private "to the fullest extent" permitted by law.

Downforce Racing was picked to run the race for the next five years. After the inaugural Grand Prix, the city terminated its contract with Baltimore Racing Development after the group failed to pay $1.5 million owed to the city.

The company is required to file monthly financial reports with the city. Dale Dillon, one of three partners in Downforce Racing, says Baltimore could then choose to release that information.

(Copyright 2012 by The Associated Press. All Rights Reserved.)