logo
Editorial: NASCAR should have a future in Chicago — if it's not held on Fourth of July weekend

Editorial: NASCAR should have a future in Chicago — if it's not held on Fourth of July weekend

Yahoo10-07-2025
NASCAR ran its Chicago race for the third time last weekend, and there was a sense that both the city and the stock-car racing world had gotten the hang of this oddball event. All went reasonably smoothly, and the weather was (mostly) fine.
So now a decision needs to be made. With the three-year agreement between the city and NASCAR now ending, should the two sides keep this relationship going? Mayor Brandon Johnson said he is open to an extension, and NASCAR also wants to re-up.
But the mayor raised questions about whether the Fourth of July weekend is the right time for the race. He was right to do so, and we would go a step further. If NASCAR and the city can't find another mutually suitable time for this event, both parties should go their separate ways. No hard feelings.
After three years of experience, we agree with the mayor that the weekend of the Fourth stretches the city's resources too thin, particularly the Chicago Police Department. That weekend typically is among the most violent of the year, and it's simple prudence to allow CPD to focus entirely on public safety.
In addition, the inconvenience to people who live downtown, as well as those just trying to get around the area during a weekend filled with barbecues and family activities, isn't worth enduring for the benefits the city gets from NASCAR. For anyone driving north to south in the area or vice versa, the DuSable Lake Shore Drive closure is a world-class headache.
In the before-NASCAR times, the Fourth also drew folks from outside the area for fireworks and simply to enjoy one of the world's greatest summertime downtowns on a holiday weekend. NASCAR arguably isn't adding much in terms of tourism-related revenues to Chicago's coffers than it would be getting otherwise. A weekend when tourist traffic is comparatively light would make far more sense, at least economically for the city.
Consider the example of the Bank of America marathon, which takes place in October and each year is a major economic shot in the arm for Chicago at a time of year that otherwise would be comparatively quiet. A study commissioned by the bank sponsor and released last month estimated the economic benefit of the 2024 marathon at $683 million.
By contrast, an outside report estimated NASCAR in 2024 generated $128 million in value to the city, a figure critics of the event said was inflated. Last year, city government essentially broke even on NASCAR, so the event isn't a needle mover fiscally.
Beyond dollars and cents, though, we do believe the race provides value to Chicago. The views of the skyline as drivers navigate the track (and sometimes careen) around Grant Park are indeed excellent marketing for a city that could use as much positive PR as it can get. For many people whose views of Chicago are shaped largely by crime coverage in conservative media, the race offers a different, more beautiful picture.
But decisions of this sort are about costs and benefits. Those benefits will outweigh the costs in our view if NASCAR and the city can agree on a different weekend on the calendar. Otherwise, we all can fondly remember NASCAR in Chicago as an experiment worth trying — and return celebrating the Fourth of July to downtown Chicago.
Submit a letter, of no more than 400 words, to the editor here or email letters@chicagotribune.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cardinals training camp: Rookie CB Will Johnson makes highlight play
Cardinals training camp: Rookie CB Will Johnson makes highlight play

Yahoo

time10 minutes ago

  • Yahoo

Cardinals training camp: Rookie CB Will Johnson makes highlight play

The Arizona Cardinals held their annual Red & White Practice on Saturday at State Farm Stadium. The second day in a row practicing in pads, they got in work in front of thousands of fans. There were a lot of plays made, but one play in particular will be remembered, and it gives Cardinals fans a reason to be excited about their rookie class. Cornerback Will Johnson, their second-round pick, made the play of the afternoon. He intercepted a pass from Kyler Murray intended for Zay Jones. Johnson jumped in front of Jones and took the ball away. Check out the play. Will Johnson picks off pass Johnson will play a big role on defense this season. He is one of the Cardinals' top three cornerbacks right now after Sean Murphy-Bunting and Star Thomas both had season-ending knee injuries. He, Max Melton and Garrett Williams will be the starters and play a lot. Johnson, selected 47th overall in the 2025 draft after falling tot to the second round. He was considered as high as a top-10 talent in the draft. Hopefully, that play is just a preview of many like it to come in the regular season. Get more Cardinals and NFL coverage from Cards Wire's Jess Root and others by listening to the latest on the Rise Up, See Red podcast. Subscribe on Spotify, YouTube or Apple podcasts. This article originally appeared on Cards Wire: Cardinals training camp: Rookie CB Will Johnson makes highlight play

Warren Buffett's stock still struggling since May peak
Warren Buffett's stock still struggling since May peak

Yahoo

time10 minutes ago

  • Yahoo

Warren Buffett's stock still struggling since May peak

Warren Buffett's stock still struggling since May peak originally appeared on TheStreet. There's a reason why shares of Warren Buffett's Berkshire Hathaway () and () have fallen more than 12% since early May. Some of its businesses aren't performing as well as in prior years. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 The company saw operating profit drop to $11.16 billion, a 3.8% decline from a year earlier, in part because of declines in underwriting earnings in its insurance operations, according to its second-quarter earnings report released Saturday. Plus, it wrote down the value of its investment in Kraft Heinz () , the food giant Berkshire helped put together. Kraft Heinz shares have lost two third of their value since 2017. The pre-tax write-down came to about $5 billion. It still owns 27.4% of the company. Until this spring, Berkshire controlled two of the 12 seats on the Kraft Heinz board. It has given up both seats. The write-down was a rare disappointment for Buffett and Berkshire Hathaway, although analysts believe it was long shares struggle since spring Berkshire's Class A shares closed Friday at $711,480, down $8,370 on the day. The Class B shares ended at $472.84, up 96 cents. Berkshire shares hit intraday peaks of $812,855 and $542.07, respectively, on May 2, the day before the company's annual meeting when Buffett said he would retire as CEO on Dec. 31. The closes for the stock classes translated into year-to-date-gains of 18.5%. The shares then fell through May, June and July. One reason for the declines was the uncertainty created by the announcement. Buffett was a known quantity for Wall Street. Greg Abel, who will succeed the Oracle of Omaha as CEO, is less known. Perhaps as important, the big technology rebound that started in April probably drew money away from less glamorous opportunities. Like Palantir () , Facebook parent Meta Platforms () , Microsoft () and, of course, Nvidia () . Here is how the Berkshire B shares have behaved compared with the S&P 500 over the six months. Despite the shares' fallback since May, Berkshire's A shares are up 4.5% in 2025, with the B shares up 4.3%. The S&P 500 is up 6.1% on the year and up 29% from its April low. (We should note Berkshire rose on Friday as some investors saw it as a safe haven.) And the company has real strength. Berkshire ended the second quarter with $344.1 billion in cash and equivalents, about 37% of total assets. The cash position includes nearly $250 billion in short-term Treasury who turns 95 on Aug. 30, took control of Berkshire in 1965. It was then a struggling textile company in 1965. He has been CEO since 1970. Abel, who is Berkshire's vice chairman of non-insurance operations, is also CEO of Berkshire Hathaway Energy, which operates four electric utilities and related subsidiaries. More Warren Buffett: Warren Buffett's Berkshire Hathaway predicts major housing market shift soon Warren Buffett has harsh words for stock market investors Warren Buffett makes worrisome car insurance prediction Former Warren Buffett exec makes bold real estate bet A low-visibility corporate giant Berkshire is a huge conglomerate with about 392,000 employees. Much of its profits come from its insurance businesses. It owns Geico, Allegany and no fewer than 16 other insurance companies. It also owns the Burlington Northern Santa Fe Railroad, a host of electric utilities, Fruit of the Loom, Dairy Queen, Duracell, boot-maker Justin Brands and the Pilot chain of truck stops. Most of its companies run semi-autonomously and have been reliably successful and made Buffett and Berkshire shareholders wealthy. The railroad business is based in the western United States and will face new competitive pressures when — and if — rival Union Pacific Corp. () merges with Norfolk Southern Corp. () . The two sides agreed this past week to merge in a deal valued at about $85 billion. Assuming it closes, the result would be the first coast-to-coast railroad operator in the United States. Many analysts believe BNSF will need to find a merger partner of its own to compete. There, however, just five big railroads. Berkshire still is still a large investor in a host of companies with a fair value of $268 billion. The largest holdings are: American Express () . Apple () . Bank of America () . Coca-Cola () . Chevron Corp. () .Warren Buffett's stock still struggling since May peak first appeared on TheStreet on Aug 3, 2025 This story was originally reported by TheStreet on Aug 3, 2025, where it first appeared. Sign in to access your portfolio

Former Michigan QB compares Bryce Underwood to current NFL stars
Former Michigan QB compares Bryce Underwood to current NFL stars

Yahoo

time10 minutes ago

  • Yahoo

Former Michigan QB compares Bryce Underwood to current NFL stars

Michigan Wolverines quarterback Bryce Underwood has already received his flowers as an elite quarterback, even without playing a single down of college football yet. And given that he was the consensus no. 1 ranked player in the recruiting class of 2025, the preseason hype is obviously understandable. And now, the quarterback is even receiving props from that graced the turf in Ann Arbor before him, namely former Wolverines quarterback Jack Tuttle, who retired from football last year due to injuries. In a recent interview with Isaiah Hole, Tuttle held very high praise for the freshman quarterback, comparing him to current NFL quarterbacks such as Trevor Lawrence and Michael Penix Jr. "I've seen Trevor Lawrence and Justin Fields. That was my class. I've seen a lot of good football throwers, and I've been with Mike Penix at Indiana, obviously J.J. McCarthy here at Michigan," said Tuttle. "I would say Bryce is at the top with the best of them and probably throws it better than a lot of those guys, which is scary to say." A scary statement indeed, considering that Trevor Lawrence was just about perfect during his time at Clemson, and Penix Jr. and McCarthy met each other in the national championship last year and are now both starters for their respective NFL teams. If you could win with hype, Underwood could surely do it, but he first has to wait to see if he will even be the true starting quarterback in Sherrone Moore's offense.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store