The Grand Prix, which featured IndyCar drivers racing on streets around the Inner Harbor
, drew 160,000 spectators, generated national television coverage and thrilled racing fans who embraced the event. Mayor Stephanie Rawlings-Blake
and other city officials initially hailed it as a success, but revelations about the racing company's troubled finances have caused the mayor to chastise its officials and call for a restructuring.
Maryland Comptroller Peter Franchot has placed a lien against company officials, including the personal belongings of Davidson and his wife, Elizabeth, over $570,000 in unpaid taxes.
The racing company has been sued six times, alleging nearly $1.6 million in unpaid bills. Internal company documents show that the company is past due on more than $5 million in bills. Councilman William H. Cole IV
, who spoke with race organizers each day in the weeks leading up to the Grand Prix, said that he knew the group's finances were tight, but did not realize it lacked money for the full sanctioning fee until Clark's cash infusion.
"I had no reason to believe that they didn't have money for the sanctioning fee," Cole said. He said he also spoke daily with IndyCar officials about concerns regarding the track, but they did not mention that Baltimore Racing Development had not paid the fee.
"I don't know that anybody on the city side even knew that they were having issues with the sanctioning fee," he said. "We're obviously hearing a lot after the fact that wouldn't have come to light if it weren't for the lawsuits." email@example.com twitter.com/lukebroadwater firstname.lastname@example.org twitter.com/juliemore
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