The IndyCar and ALMS race extravaganza was held last year over Labor Day weekend at the Maryland city's picturesque harborfront, but though the event itself was deemed a success, a financial dispute between the city and the race organizers jeopardized its future. The city ended up canceling its contract with Baltimore Racing Development LLC, but a new one is reportedly now being negotiated between municipal authorities and a new promoter, Downforce Racing – organizers of similar street races in Toronto and St. Petersburg.
The tentative arrangement was announced yesterday by Mayor Stephanie Rawlings-Blake, pending approval by the city's Board of Estimates, set to meet on February 22. If given the go-ahead, Downforce Racing would receive a five-year contract with a renewal clause for another five years, with the city's expenses to be recovered from ticket sales and a profit-sharing clause that would see the city receive ten percent of profits over $1 million.
Assuming everything comes together, the ALMS race will be held on Saturday, September 1 and the IndyCar race on Sunday the 2nd.