INDYCAR's Grand Prix of Boston got an important boost Thursday as organizers signed and executed license agreements and a memorandum of understanding with five key governmental agencies to accelerate progress on the Labor Day weekend event.
The documents, signed by the city of Boston, Massachusetts Department of Transportation, Massachusetts Bay Transportation Authority and Massachusetts Convention Center Authority, and an existing MOU signed by the Massachusetts Port Authority include many conditions and protections, with guarantees that organizers will assume all costs associated with the race, asking nothing from taxpayers.
The documents also guarantee that streets and roadways being modified to create the 2.