About 160,000 people attended the race the first year, generating $47 million in economic impact, according to a city-commissioned study. About 131,000 attended the three-day weekend event in 2012, generating $42.3 million in economic impact. No study was conducted for the 2013 race.
The studies for the two years said the race yielded $1.7 million in city taxes and $2.1 million in state taxes in 2011, and $1.3 million each for the city and state in 2012.
Race On LLC, a firm led by local financier J.P. Grant, took over the race in 2012 and handled it in 2013 as well.
Citing scheduling conflicts, Grand Prix of Baltimore organizers announced in September that the race would be canceled for the next two years and is not likely to return.