CELINA — A week after it was canceled by organizers because of a lack of funding, the 2013 Governor's Cup Regatta will go on as initially scheduled.
In an effort to save the race from being canceled for the third time in four years, the Lake Improvement Association donated $20,000 to save the race. That money is in addition to $19,000 raised locally. The event is scheduled to be held Aug. 24 and 25 on Grand Lake St. Marys.
“The economic impact and positive exposure of the Governor's Cup Regatta is too significant to pass up, and fortunately the LIA's members have put our organization in a position to make a one-time donation to bring the event back to Grand Lake St. Marys,” LIA President Tim Lovett said in a news release. “We also wish to express gratitude to the other businesses and organizations that have joined us and answered the call to make the 2013 Governor's Cup Regatta a reality, and an event that all Grand Lake St. Marys stakeholders stand to benefit from.”
Grand Lake St. Marys Restoration Commission Manager Milt Miller said saving the event benefits the community.
“This quick reaction to saving the race is so demonstrative of the appreciation and commitment our whole region has towards helping the lake”, Miller said. “We have so much positive momentum occurring right now and this event will bring thousands of visitors to our wonderful body of water and realize it's open for enjoyment.”
Auglaize and Mercer Counties Convention & Visitors Bureau Director Donna Grube said the event plays a large role in the local economy each year. Using the state’s formula for visitor spending, Grube said the weekend event generates $2.5 million to $3 million for the area.
A press conference was scheduled for Friday morning to release more details about the partnership.