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.