• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
EnvironmentSports

Chicago’s $100 million-plus Nascar payday gets rained out as record downpour cuts short street race

By
Isis Almeida
Isis Almeida
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Isis Almeida
Isis Almeida
and
Bloomberg
Bloomberg
Down Arrow Button Icon
July 3, 2023, 1:12 PM ET
NASCAR Chicago Auto Racing
Fans wait in the rain to enter a NASCAR Cup Series auto race at the Grant Park 220 Sunday, July 2, 2023, in Chicago.AP Photo/Morry Gash
Add Fortune on Google for similar content.

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.

Recommended Video

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.

“You can never predict the weather, and it certainly threw a curve ball this weekend,” Samir Mayekar, the former deputy mayor who helped strike the Nascar deal, said on Sunday. “But when you look around, certainly people are having fun. I’m glad they were able to race the main event.”

It was so wet in Chicago on Sunday that by 12:10pm, the area near Chicago O’Hare International Airport had already received 2.27 inches (5.77 centimeters) of rain, breaking the previous daily record set in 1982, according to the National Weather Service. The rain was a blow for spectators who paid for tickets starting at $269, multiple times more than the cost of a triple-header event in August at the Indianapolis Motor Speedway that includes Nascar.

Still, Nascar drivers snaked through downtown streets in a 2.2-mile (3.5-kilometer) course, with the wet track resulting in various crashes and slowdowns. Shane van Gisbergen from New Zealand became the first driver in 60 years to win in his first Nascar Cup Series race.

Giana Wilk, a 30-year old resident of the wealthy Lincoln Park neighborhood, said she thought the race would be called off.

“We didn’t think it was going to happen, that’s for sure,” she said. “We just came and hoped for the best, and it turned out really beautiful and fun.”

Read more: Chicago’s Nascar Weekend Offers Headaches, Little Economic Gain

The race was expected to bring 100,000 people to Chicago and create 24,000 hotel bookings. While Nascar doesn’t disclose ticket sales, there were many empty seats visible along the course on Saturday. Tickets were still available that day, according to online searches.

The rain-shortened event was also a disappointment for Chicagoans who had to contend with a month of traffic disruptions, and for local businesses that couldn’t operate normally on a holiday weekend.

The Museum Campus, a part of Grant Park that includes the Field Museum and the Shedd Aquarium, last year said it expected to lose $3.5 million as a result of road closures and other disruptions tied to summer events including the Nascar race.

Ramzan Bhimani, a taxi driver in the city, said traffic has been severe over the past five days near the race area. That hurt business, as people don’t tend to take taxis during times of heavy congestion, he said Sunday.

The weekend race wasn’t without tragedy: A contractor at the race course on Friday was killed by electrocution.

Still, there may have been a silver lining to the foul weather, said Mayekar, the former deputy mayor.

“During the rain delay, people have been spending money in bars, restaurants and hotels all around the perimeter of the course, so I’m optimistic about that,” Mayekar said.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Isis Almeida
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

US says chemical maker Chemours will pay $450M in penalties and relief programs to three states to settle ‘forever chemicals’ case
EnvironmentEnvironment
US says chemical maker Chemours will pay $450M in penalties and relief programs to three states to settle ‘forever chemicals’ case
By The Associated PressJune 24, 2026
2 hours ago
Wind turbines on yellow grass
Environmentwind power
California threatens to hit Trump with lawsuit if he doesn’t revive massive wind farm project off central coast
By Jennifer McDermott and The Associated PressJune 24, 2026
2 hours ago
A team of workers sort aluminum cans near large bales of plastics
LawCalifornia
17 red states sue California over ‘onerous’ recycling law: ‘California is not entitled to pronounce nationwide policies’
By The Associated PressJune 24, 2026
7 hours ago
White House blames ‘leftist activists’ for Reflecting Pool snafus as crews put up fencing to block off the algae- and peeling paint-filled water
LawWhite House
White House blames ‘leftist activists’ for Reflecting Pool snafus as crews put up fencing to block off the algae- and peeling paint-filled water
By Matthew Daly and The Associated PressJune 24, 2026
8 hours ago
sb
Commentaryclimate change
The climate policy triangle: why leaders can no longer choose between growth, security and sustainability
By Sebastian BuckupJune 23, 2026
1 day ago
Tom and Diane Peterman pose outside their home at Black Lake on Wednesday, April 29, 2026, in Grant Township, Mich.
EnvironmentNatural disasters
FEMA told these families they weren’t in a flood zone. Then ice came through the windows
By Tammy Webber, M.K. Wildeman and The Associated PressJune 23, 2026
1 day ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
1 day ago
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
16 hours ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
8 hours ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America 'doesn’t have what it takes to fight to maintain its empire'
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America 'doesn’t have what it takes to fight to maintain its empire'
By Nick LichtenbergJune 24, 2026
10 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
1 day ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.