Championship Auto Racing Teams, which runs the CART FedEx ChampCar series has announced that it will promote and run the Chicago event this year. The event had come into question after the owners of Chicago Motor Speedway had opted not to run any events at the track this year. In a conference call last week CART president Chris Pook had alluded to the fact that the series "needed to be in Chicago." Today it was announced that CART will lease Chicago Motor Speedway and internally promote the CART Grand Prix of Chicago at the one-mile oval track on June 30. The CART track lease, the first for an existing race event on the CART FedEx Championship Series schedule,. “We are of the strong opinion that the great race fans and sponsor corporations of the FedEx Championship Series located in the Chicago area want and deserve a CART Champ Car event and we plan on delivering just that,” said Pook. “This is nothing short of a major commitment to the Chicago marketplace by Championship Auto Racing Teams and we are determined to make this event a success. The fact that we will be responsible for the promotion and operation of this event fits perfectly within our new business model at CART.” In the new arrangement, CART will have use of the Speedway facility located at Sportsman’s Park but will provide all management personnel and administrative operations. This includes all ticketing, sponsorship and hospitality sales, venue operations and the various administrative functions of operating a race event and facility.