11-11-11: Checkered Flags, Checkered Finances
November 11, 2011 at 8:15 am
The view of pit road, prior to the start of the 2011 Baltimore Grand Prix. Photo by emetsger via Flickr.
The Baltimore Sun reported this week that Baltimore City has threatened to tear up their contract with Baltimore Racing Development if the company can’t pay the city the $1.5 million it owes.
How did the company get so far in the red? Who‘s going to pull them out, and how? And who would help Baltimore host another Grand Prix if they can’t?
Here to answer those questions today is Baltimore City District 11 Councilman William H. Cole IV, who represents downtown and was involved with the process from the beginning.
Entry filed under: economy, On Air, Politics, sports. Tags: .