Baltimore officials say they have a new team to run the city's troubled Grand Prix auto race.
Mayor Stephanie Rawlings-Blake announced a proposed five-year agreement on Thursday with Race On, LLC, and Andretti Sports Marketing. The companies are the third to lead the Labor Day weekend racing event on a course that winds through the streets of downtown Baltimore.
A study found that the inaugural Grand Prix last year generated $47 million in economic impact. However, the city terminated its contract with Baltimore Racing Development after that group failed to pay $1.5 million owed to the city.
In February, the city approved a contract with Downforce Racing LLC, but another operator was sought after Downforce missed marketing deadlines for the event.