By Meymo Lyons
Baltimore is revving up for an IndyCar® race on a looping, 2.4-mile street course around the convention center and Camden Yards at speeds up to 185 mph. Mayor Stephanie Rawlings-Blake says the race "will change the way the world sees Baltimore."
The city approved $7.75 million in state and federal grants to make necessary road improvements for the Baltimore Grand Prix'.
City officials approved a contract today with local investors who've been working to launch the race. The Indy Racing League is expected to sign a sanctioning agreement in the next two weeks.
The race would be IRL's first in the mid-Atlantic region. Drivers would race in a loop around downtown, passing by the Inner Harbor and Oriole Park at Camden Yards at speeds up to 185 mph. The pact is expected to generate $11 million in tax revenues, create 2000 jobs and inject $250 million into the City's economy.
The inaugural race is set for August 2011.