The Long Beach city council are to meet during a closed session on Tuesday to discuss the possibility of putting the contract for the city’s grand prix out to bid.
Currently IndyCar has a contract to race on the streets of Long Beach until 2015 and has done so for the past 39 years.
However after Bernie Ecclestone wrote to the council last year expressing an interest in taking over the contract, the council will now consider whether they should renew IndyCar’s contract or put it to tender.
“Please be advised that Formula 1 is interested in returning to your city, and we will consider the appropriate entity to make such a bid if you decide to permit such a process,” read an exerpt from the 82-year-old’s letter.
The local Gazette reports that the agenda for Tuesday’s meeting is to discuss the price and terms of the lease to use Shoreline Drive and surrounding streets and property.
The negotiating parties are listed as the city, Grand Prix Association of Long Beach (GPALB) and the FIA Formula One World Championship.
Formula One raced in Long Beach for seven years between 1976 and 1983 before the race’s founder, Chris Pook, and the GPALB switched to the less expensive IndyCars.
