Monaco on Lake Michigan? How NASCAR's second annual street race hopes to boost Chicago's economy

Start your engines. NASCAR's Grant Park 165 street race is being held once again this summer. Come July 6-7, Grant Park will play host to not only the race, but also concerts from The Black Keys, Keith Urban, and Lauren Alaina, among others.

Many other global cities play host to street races, particularly for Formula 1. Indeed, some of the most iconic races happen on city streets, such as the Monaco Grand Prix, Singapore Grand Prix, and the races held at Baku City Circuit in Azerbaijan.

But in the U.S., street racing is comparatively less common. While Formula 1 has hosted races in the U.S. market on several occasions, it was not until the Grant Park 165 debuted last summer that NASCAR - a historically more popular sport by U.S. viewership - dipped its toe into the street racing scene.