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Apr 03, 2014 - 06:19 AM
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· F1: New rule has slowed F1 pitstops ? (Apr 2, 2014)
· F1: Horner dating Spice Girl ? (Mar 30, 2014)
· F1: Wife arranging to take Schumacher home ? (Mar 30, 2014)
· F1: Ecclestone working hard to turn up the volume ? (Mar 29, 2014)
· F1: Formula E could snap up F1's New York race ? (Mar 29, 2014)
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City Of Long Beach Proposes Three-Year Contract Extension With Grand Prix Association Of Long Beach
Posted by: newsla on Apr 03, 2014 - 06:18 AM
IndyCar News
City Of Long Beach Proposes Three-Year Contract Extension With Grand Prix Association Of Long Beach


The Grand Prix Association of Long Beach has been informed that the Long Beach City Council is proposing a three-year extension to the current Toyota Grand Prix of Long Beach agreement, extending the contract through 2018.

 

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Final approval of the amendment will go before the City Council in open session in the next few weeks. The Grand Prix Association has also been informed that simultaneous with the granting of the extension that the Council has instructed City management to enter into the RFP (Request for Proposal) process to determine whether to continue with the Grand Prix Association running Indy cars or to switch to Formula One after 2018.

“We think this is a wise decision by the City Council,” said Jim Michaelian, president and CEO of the Grand Prix Association. “It affords the Grand Prix the opportunity to continue to conduct the #1 street race in America while allowing the City to explore another alternative. In the end we are confident that the City will conclude that the partnership it has had with the Grand Prix Association is the most beneficial from every perspective and we will continue to conduct the event in Long Beach for many more years to come.”

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