The race is slated for August 2011, and while the city says that the road work will take more than a year to complete, actual preparation for the race will take closer to four weeks. That includes the construction of 50,000 temporary grand-stand seats, though officials claim that the work will be minimally intrusive for both residents and workers in the area.
Baltimore has signed a five-year contract with the IRL, and as a result, officials forecast that it will see around $11 million in tax revenue from the partnership. Likewise, around $250 million is expected to flow into the local economy due to the races.
[Source: Baltimore Business Journal]