11/6/2023 0 Comments Noteworthy chicago songs![]() ![]() On top of the city staffing reimbursements that Johnson officials said NASCAR will pay next year, the race company’s fee rates are scheduled to climb. It was “just a short turnaround,” he added. “Nobody was left out of anything,” Guidice said. Johnson’s chief of staff, Rich Guidice, said in an interview with the Tribune that he did give local aldermen a “heads up that NASCAR was going to be putting out their schedule on Wednesday for next year and Chicago is going to be on the list,” and that “contractually, an agreement was made for three years and we were continuing to have conversations with NASCAR.” OK, arguably that’s an improvement, but to what degree I’m still unclear.” “Under the new terms, maybe we’re getting nickels and dimes. “That’s disappointing because the mayor had promised he was not going to follow the script of the former administration and this is a page right out of their playbook,” Hopkins said. Brendan Reilly, 42nd - said they were not consulted before Johnson announced Wednesday that the race would return, though Johnson had pledged in July to have an “open process where other folks get a chance to weigh in” before he made his decision. Three downtown-area aldermen - Hopkins, Ald. In 2021, that total payment was $7.8 million, and in 2022 it was $6.9 million. The city’s payment includes a cut of net food, beverage, sponsorship and ticket revenues. ![]() “Compared to Lollapalooza, it’s not even close,” Hopkins said, noting he would have liked the city to try to capture a portion of NASCAR’s broadcasting revenues.Ĭ3, the festival organizer for Lollapalooza, has typically paid a multimillion-dollar permit fee to the Park District after its four-day takeover of Grant Park. “Clearly, we did not get the best end of this deal and NASCAR obviously made out very lucratively, even with the weather keeping the crowd down and cancellation of the concert … we just didn’t really benefit from this, that’s obvious at this point.” Brian Hopkins, 2nd, asked when told by the Tribune about the $620,000 NASCAR paid. “That’s what we get? Are you kidding me?” Ald. While the Johnson administration seems set on a 2024 NASCAR race, aldermen whose wards are among those most affected by it said the costs cause them to have serious reservations about bringing it back. Still, should the city change its mind for 2024, the Park District could terminate the agreement at least 180 days before the race and NASCAR would not be entitled “to any compensation or expectation damages,” according to the permit agreement.Īdvertisement Aldermen still have questions “When you have that kind of rain, to just knee-jerk have a response to, ‘Let’s just get rid of it,’ to me, was not judicious enough,” Lee said. “At least we won’t be losing anything from a financial standpoint,” next year, and could learn from the traffic impacts from year one and make the event less of a “burden for residents,” Johnson adviser Jason Lee said in an interview with the Tribune. Giese confirmed NASCAR is “committed to addressing those costs associated with putting on the event.” Aside from reducing setup time by four days and teardown by two days, the city said NASCAR also had committed to “expanding opportunities for small-, minority- and women-owned businesses to participate as vendors in 2024.” The administration has not released a copy of the new NASCAR deal. Lollapalooza, for example, comps the city for those costs. The deal for the 2024 race will require that NASCAR reimburse the city for the cost of police, fire and emergency management staffing, Johnson administration officials said. Drivers race down Congress Plaza Drive during the NASCAR Cup Series in Grant Park in Chicago on July 2, 2023.
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