Grand Prix proposal rejected in Okla City

The Oklahoma City Council has rejected a plan that would have
committed $7 million in city money to land a Grand Prix race.

The council voted 6-2 against the proposal Tuesday. Opponents
said they did not feel comfortable committing the money in the
current economic climate.

The proposal by Oklahoma City Grand Prix LLC called for an
American Le Mans Series race during the Fourth of July weekend next
year. The money was to be repaid by the group over a 10-year
period.

Businessman Trent Ward helped lead the effort to secure the
funding. After the vote, he said the opportunity to host such a
race probably won’t come again.

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