City Strikes Five Year Deal on Baltimore Grand Prix

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Courtesy of Citybizlist – Baltimore Mayor Stephanie Rawlings Blake will announce the details of a new 5-year agreement on Wednesday with Downforce Racing, a motorsport promoter, regarding the city’s Grand Prix Race, according to abc2news.com.

From abc2news.com:

“Contract term — the agreement provides that the race will be conducted annually for an initial five year term beginning in September 2012 and ending in September 2016.

Amusement Tax Lock Box– Each ticket sold will include a 10 percent admission and amusement tax, which will be collected at the point of sale and placed into a lock box escrow account held by a City appointed trustee.”

Read the rest of the story at Citybizlist.com



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