BALTIMORE (AP) — Baltimore Mayor Stephanie Rawlings-Blake says the city is finalizing an agreement with a new operator of the Baltimore Grand Prix.

The mayor said in a statement Friday that the city would announce terms of the five-year deal on Wednesday.

The deal is scheduled to be presented to the Board of Estimates on Feb. 22. It would be good through 2016.

The mayor said last year’s Grand Prix, held over Labor Day weekend, generated $47 million in economic impact.

She did not say whom the city was negotiating with to operate the racing festival. She said the city would not comment further until Wednesday.

The city in December terminated its contract with the race’s organizers, Baltimore Racing Development, after the group failed to pay $1.5 million owed to the city.

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

Comments (7)
  1. outkasts says:

    S.R.B should bring slots to Baltimore and free parking as well.Baltimore lives in the 60s with its army of ticket police, running folks away from local mom and pop stores downtown to free parking in the county.Baltimore civic center,convention,Ravens,orioles,Blast,fells Point and Harbour Place would get a major boost from slots.Crime will always be here in Baltimore and that no excuse not to have them.

  2. done says:

    This mayor and her ilk really are not very bright. Baltimore needs someone with vision, someone who is creative and intelligent, they need to come up with original and clever ideas on how to turn this city round (it really is not that hard). Unfortunately those kind of people go into business on their own – like me!!

  3. Terrence Nelson says:

    its just a terrible idea the grand prix was the worst thing the city did last year

  4. MD Resident says:

    Hope she uses some good comon sense when giving out her city VIP tickets. We know what happened with the city owned Ravens Sky Box tickets.
    You voted for her and you got her and deservie what you got.

  5. street in W.Baltimore need to be paved!! says:

    fool me once shame on you……………….fool me twice shame on me!!!

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