City eyes land deal to help IndyCar
http://www.bostonherald.com/news/local_coverage/2016/03/city_eyes_land_deal_to_help_indycar
City eyes land deal to help IndyCar
Chris Villani, Joe Battenfeld Friday, March 18, 2016
The Walsh administration is proposing a complex land deal to widen a controversial section of road on the planned IndyCar race course, the latest sign of the citys expanding efforts to keep the Grand Prix race on track.
The land exchange would give the city more control of a long-neglected road, New
Cypher Street, that has become a critical flashpoint in the battle over the proposed IndyCar race that Mayor Martin J. Walsh has staked his political clout to get approved.
Race promoters Grand Prix of Boston plan to widen the street behind the Boston Exhibition & Convention Center by about 10 feet, enough to accommodate the high-speed IndyCars, and build a new sidewalk, according to a plan submitted yesterday to the citys Public Improvement Commission.
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Grand Prix of Boston estimates total pre-race construction costs to be approximately $6 million. The race organizers say they will foot the entire bill but have repeatedly refused to reveal who the financial backers of the race are.
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They have already sold 22,000 tickets AND there's an environmental study or two that needs to be done before the IndyCar folks get their permit.
Why won't they tell us who the financial backers are? Who is it? CitiBank? Goldman Sachs? United Arab Emirates? Saudi Arabia? China?