Grand Prix proposal rejected in Okla City
August 31, 2010
OKLAHOMA CITY (AP)—The Oklahoma City Council has rejected a plan thatwould have committed $7 million in city money to land a Grand Prix race.
The council voted 6-2 against the proposal Tuesday. Opponents said they didnot feel comfortable committing the money in the current economic climate.
The proposal by Oklahoma City Grand Prix LLC called for an American Le MansSeries race during the Fourth of July weekend next year. The money was to berepaid by the group over a 10-year period.
Businessman Trent Ward helped lead the effort to secure the funding. Afterthe vote, he said the opportunity to host such a race probably won’t come again.
