From a financial perspective, we won't get a complete picture of the tax revenue the event generated until the end of November at least. We do know, however, that the impact fee the race organizers paid as part of their contract didn't come close to reimbursing the city for its expenses. City officials estimate that Baltimore spent about $800,000 on police, fire fighters, sanitation workers, traffic control and other costs, but Race On's contract called for only a $350,000 payment, $50,000 of which goes to grants for neighborhoods affected by the event. That means Baltimore subsidized the race to the tune of $500,000. It's not unusual for the city to pick up some of the costs for big events like 4th of July fireworks or Artscape, but it is unusual for it to do so for a private and (theoretically) for-profit enterprise. City and race officials had said they hoped to reduce the city's expenses this year, but they didn't. Indeed, the way the city's contract with Race On works, the management team had no real incentive to do so.