San Diego has surfaced as a possible NASCAR Cup Street race venue, replacing the money-losing Chicago Street Race. Worried, Chicago has committed $5 million from the state’s general revenue fund to prop up its 2025 race, injecting voodoo economics into the event.
Despite uncertainties looming over the contract extension with NASCAR beyond 2025, the Windy City is doubling down on its commitment to host the iconic event.
The unexpected allocation of funds demonstrates Chicago’s determination to hold onto the race, even without a guaranteed return on investment. Governor J.B. Pritzker defended the budget line, emphasizing the significant economic benefits the event brings to the state. In 2024 alone, the NASCAR weekend in Chicago generated an estimated $128.1 million in local economic impact, showcasing the financial potential the race holds…