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

Trendingnow

1

Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

2

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

3

Current price of oil as of May 29, 2026

1

Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

2

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

3

Current price of oil as of May 29, 2026
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

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 will deliver 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

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

grid
Environmentpower grid
The U.S. power grid isn’t one big machine — it’s three. That’s a problem for blackout season
By Sufan Jiang, Fangxing Fran Li and The ConversationMay 30, 2026
13 hours ago
Asia is already grappling with a fuel crisis. A ‘Super El Nino’ threatens to make things worse
Environmentclimate change
Asia is already grappling with a fuel crisis. A ‘Super El Nino’ threatens to make things worse
By Angelica AngMay 28, 2026
3 days ago
r
Environmentwater use and conservation
The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish
By Dorany Pineda, Brittany Peterson and The Associated PressMay 27, 2026
3 days ago
a
EnergyCorporate Governance
BP ousts chairman months into his tenure, citing ‘important governance standards, oversight and conduct’ concerns
By Michelle Chapman and The Associated PressMay 26, 2026
4 days ago
As the U.S. and Europe pull back from global climate aid, can Asian funders fill the gap?
Asiaphilanthropy
As the U.S. and Europe pull back from global climate aid, can Asian funders fill the gap?
By Angelica AngMay 25, 2026
5 days ago
g
North Americawater use and conservation
America’s largest oil export hub is so starved of water that it’s been illegal to have a green lawn for 2 years
By Michelle Hummel and The ConversationMay 25, 2026
5 days ago

Most Popular

Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt
Economy
Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt
By Shawn TullyMay 30, 2026
18 hours ago
As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
Magazine
As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
By Emma HinchliffeMay 27, 2026
4 days ago
Current price of oil as of May 29, 2026
Personal Finance
Current price of oil as of May 29, 2026
By Joseph HostetlerMay 29, 2026
2 days ago
As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales
Success
As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales
By Emma BurleighMay 28, 2026
2 days ago
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
Real Estate
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
By Marco Quiroz-GutierrezMay 25, 2026
6 days ago
Gen Z is rejecting $200 dates and choosing 'solo-maxxing'—and dating apps are taking a hit
Economy
Gen Z is rejecting $200 dates and choosing 'solo-maxxing'—and dating apps are taking a hit
By Sydney LakeMay 30, 2026
15 hours 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.