Boston IndyCar race promoters hope to finalize all agreements soon

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Although Boston Mayor Martin J. Walsh has expressed concern that agreements still have not been reached with several state agencies, organizers of next year’s IndyCar Grand Prix of Boston are confident those hurdles will be overcome soon.

“They’ve been in dialogue since day one,” Grand Prix spokesperson Jana Watt told MotorSportsTalk on Monday. “We support the Mayor 100 percent. It would behoove us, the quicker these agreements are signed, the better.

“But we also understand that from the agencies’ perspective that they understand everything they possibly can about the event, the usage and everything else and who’s paying for what. We need to nail all that down. We agree, absolutely.”

The race will be held on Sept. 4 on a street course that takes in a good portion of Boston’s riverfront area. It was confirmed as part of the Verizon IndyCar Series schedule last week, having been first announced in May.

In a sense, organizers are patterning it after existing and very successful IndyCar street races in Long Beach, Calif., and St. Petersburg, Fla.

While Walsh and the city are on-board with plans, financial and other agreements still need to be worked out with agencies including the Massachusetts Port Authority (Massport), the Massachusetts Convention Center and the Massachusetts Department of Transportation.

Those groups control much of the property the planned street race is slated to be contested upon. The final version of the race track layout was only completed in early October.

“Obviously, there are a lot of agreements that have to come to fruition in order for the event to happen, but that’s not unexpected,” Watt said. “That’s part of a race or an event of this nature, that touches so many different agencies. So we’re in 100 percent support of what the Mayor has said. We need these agreements done, too.”

Walsh’s chief of operations, Patrick Brophy, emailed a letter to Jim Freudenberg, chief commercial officer of the Grand Prix of Boston, asking promoters to finalize all outstanding agreements within the next 14 days.

“It is expected that your team will finalize agreements with all interested parties within the next two (2) weeks,” Brophy wrote to Freudenberg. “Please be advised that the Mayor grows increasingly concerned with the progress (or lack thereof) of those discussions.”

In addition to the two-week deadline, Brophy asked that tickets for the race – which were slated to go on sale this month – will not be sold until all agreements are in place.

There is also concern about working closer to allay increasing concerns from community groups about the event, which is expected to generate at least $25 million to the city and state in the first year.

“As you are aware, a predicate to agreements and permit acquisition is the outcome of your discussions with local neighborhood, civic and business associations,” Brophy said in his email. “Mayor Walsh feels strongly that overall community ‘buy-in’ and timely resolution of all financial terms for this proposed event are paramount to his final approval.”

Watt said race organizers remain confident they can reach agreements soon.

“At the end of the day, the conversation didn’t start yesterday,” Watt said. “It’s been an ongoing dialogue and a healthy and good one, a very robust dialogue. It’s been open communication. There are certainly things to finalize.”

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Max Verstappen is PointsBet favorite to score sixth staight in 2022 Singapore Grand Prix

PointsBet 2022 Singapore odds
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Max Verstappen is the PointsBet Sportsbook odds favorite to win the 2022 Singapore Grand Prix on the Marina Bay Street course to stretch his current win streak to six consecutive. He shows odds of -200 this week.

Formula 1 did not compete in Singapore in 2020 or 2021 due to the COVID-19 pandemic, but Verstappen has podium finishes in his last two attempts on this track. he was second in 2018 and third in 2019. In the first 15 races of this season, he has failed to stand on the podium only twice and has an average finish of 2.73.

With minus odds, the way to determine a payout is by subtraction. In order for a bettor to earn $100, he must wager $200 this week; with that wager, he will get back his initial stake and winnings of $100.

For bettors more comfortable with fractional odds, a bet of +300 is the same as 3/1.

Charles Leclerc is ranked second this week with +400 odds. He has two previous Singapore GP starts to his credit with a best of second in 2019. He is coming off back-to-back podium finishes with a third in the Dutch GP and a second at Monza.

Ranked third is Carlos Sainz, Jr. with a line of +1100. He has top-five finishes in four of his last five starts, but only one of these, a third in the Belgian GP, was on the podium. Sainz is one of four winners other than Verstappen this season. His victory came in the British GP.

Lewis Hamilton shows a line of +1200. His last win came last fall in the Saudi Arabian GP and the Mercedes team has struggled to contend for victory in 2022. They are improving, however, with eight top-fives in the last nine races. Hamilton has two wins in his last three Singapore starts, which came in 2017 and 2018.

Rounding out the top five is Hamilton’s teammate George Russell at +1800. He has not won, but has shown remarkable consistency with top-fives in all but one race. Notably, his only bad finish came in his home GP in England. Russell has one previous start at Marina Bay; he finished last in the 2019 race. He finished fourth in 2019 as part of a four-race streak of top-fives.

The most recent Singapore GP winner from 2019, Sebastian Vettel is a longshot at +50000.

PointsBet is our Official Sports Betting Partner, and we may receive compensation if you place a bet on PointsBet for the first time after clicking our links.

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