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The incident occurred roughly two weeks after another pair of teenagers drowned off Jacob Riis Park in Queens.
The bike lane is one of the busiest in the country, according to a local councilmember.
The wrongful death lawsuit, which seeks more than $50,000 in damages, argues that NASCAR, the park district and four rental and production companies contracted for the event failed to take safety precautions.
Pride Month ended with the 53rd annual Chicago Pride Parade in Northalsted, hundreds of mourners attended the funeral for former Chicago police officer Larry Neuman, and Chicagoans across the city enjoyed fireworks on the Fourth of July.