No Grand Prix in Baltimore
Before last years Grand Prix event I did some searching on the web. I was looking for cities that made money on the event. What I found was alarming. Of the couple of cities that made a financial gain it was only a small percentage of what was promised. Most lost money. I predicted without any financial knowledge that it would turn into a finacial disaster. When the books are balanced between all parties concerned I think it was a negative. I say that if Baltimore wants exposure at the price to be paid then have the races forever. However if Baltimore expects it to be a financial gain then someone has been sold a bill of goods like all of those other cities that have lost money. Unless there are private backers willing to put up money for the love of the sport, there is little or no chance of making a profit as the below links prove. Furthermore, that first event was a novelty for Baltimore residents but, I predict that the interest in further events will be limited to those die-hard followers from around the world. That means that ticket sales will be down from last year and the losses will be even greater. One city proposed a change in promoters and the auditors predicted it would make no difference. It's not the Super Bowl. The money would be better spent on the residents of Baltimore city. At least there would be little loss that way. http://en.espnf1.com/f1/motorsport/story/56182.html http://www.asianewsnet.net/home/news.php?id=22303 http://www.newjerseynewsroom.com/professional/ask-rick-perry-about-failed-formula-1-racing-investment-in-us http://www.theroar.com.au/2011/03/24/melbourne-deserves-to-lose-the-f1-grand-prix/ http://www.grandprix.com/ns/ns21011.html http://home.vicnet.net.au/~sapark/sapweb/p51_2.html Please sign this petition to end the Grand Prix plans in favor of spending the money for Baltimore residents.