Baltimore's mayor said city officials have picked a new group to manage the Baltimore Grand Prix and are close to completing a five-year contract, the Baltimore Sun reported late Friday night. Details of the new group should be revealed on Wednesday.
“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,” Mayor Stephanie Rawlings-Blake said in a statement.
Sources close to the situation told the Sun that the city was negotiating exclusively with Dale Dillon, an Indianapolis construction company owner, who has backing from investor Felix Dawson.
The uncertainty surrounding the Baltimore race has stemmed from mounting debts owed to vendors, and the change in promoters when Baltimore Racing Development was dropped in December. On Feb. 1, a Baltimore city councilman said the race could meet a “point of no return” if a new group wasn't picked by mid-February.