DETROIT GRAND PRIX STATEMENT ON PROPOSAL TO CONTINUE HOSTING THE ANNUAL EVENT AT BELLE ISLE PARK
“This morning, the Detroit Grand Prix submitted a formal proposal to the Michigan Department of Natural Resources (DNR) to continue hosting the annual motorsports event at Belle Isle Park.
The proposal includes a three-year agreement to continue the Grand Prix on Belle Isle, beginning in 2019, with an additional two-year extension option. Additional key elements of the proposal include a 50% increase in the annual fee to host the race on the island to $300,000, along with yearly contributions of $50,000 to the Michigan DNR for targeted island improvement initiatives and $35,000 for projects and programming in the paddock area on Belle Isle.
The Grand Prix will also continue to minimize its overall time spent on Belle Isle, reducing its total time on the island from 65 days in 2018 to 62 days starting next year. This timeline will be 12 days faster than the event’s total time on the island in 2017. The Grand Prix looks forward to working with the public, its stakeholders and the Michigan DNR over the course of the proposal process.”