Bloomberg Quicktake published this video item, entitled “Record Chicago Rain Upends Nascar Street Race That Divided City” – below is their description.
A record downpour that flooded Chicago this weekend cut short Nascar’s first-ever street race in its marquee series and most likely curbed the economic impact of an event that divided the city.
Drivers in the Nascar Cup Series raced 75 laps instead of 100 after rain delayed the start of the event by more than an hour. The smaller Xfinity event was delayed by a day because of lightning and then called off before the halfway mark. All concerts associated with the Nascar event were also canceled on Sunday.
Former Mayor Lori Lightfoot agreed to a three-year deal to bring Nascar to Chicago to help lure tourists back after the pandemic. The city was forecast to get a $113.8 million economic boost from the event, about a third of what’s generated by the Lollapalooza music festival, which also takes place in Grant Park along Lake Michigan.
Chicago, the Midwest’s financial capital, has been struggling with a sluggish economy and rising crime, along with the exit of high-profile businesses like Ken Griffin’s Citadel. Nascar was supposed to be a boost for the city’s tourism before the race was upended.
——–
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Subscribe to Bloomberg Originals: https://www.youtube.com/BloombergTV
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
YouTube: https://www.youtube.com/user/Bloomberg
Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow
Twitter: https://twitter.com/quicktake
Facebook: https://www.facebook.com/quicktake
Instagram: https://www.instagram.com/quicktake
Bloomberg Quicktake YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
