Comment on Chicago made a bit of money on NASCAR race in 2024

A.D. Quig, Chicago Tribune: Business
Mon, 10/14/2024 - 3:00am

Chicago made a bit of money on NASCAR race in 2024

NASCAR’s second year in Chicago came with slightly sunnier skies, slightly fewer critics and an ad hoc deal that helped the city’s bottom line improve slightly, ending the big downtown race weekend a few hundred thousand dollars in the black. That was an improvement over 2023, when critics not only ripped the inconvenience of closed roads and limited access to Grant Park, but said the overall cost to host it wasn’t matched by the benefits: The city spent nearly $4 million that year but received just $620,000 in direct payments from the racing company. This time, the city shelled out $2.44 million in overtime, roadwork and payments to the company that runs Chicago’s parking meters for taking spaces offline this summer for the race, according a Tribune analysis of documents obtained from open records requests.

 

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