Diamond Cup loses money, organizers looking for 2014 sponsors

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by TAYLOR VIYDO & KREM.com

KREM.com

Posted on September 30, 2013 at 5:02 PM

Updated Monday, Sep 30 at 6:40 PM

COEUR D'ALENE, Idaho -- Despite initially calling the Diamond Cup hydroplane race a success, the Diamond Cup president said Monday that the race actually lost money. Now President Doug Miller is calling upon local hotels and restaurants to step in and help make sure the event returns in 2014.

Miller issued a statement to Coeur d'Alene press stating the event lost money. He asked more businesses to become sponsors of the event.

"Off the cuff, that's something I think should be considered," said restaurant owner Robert Ciccone.

The owner of Crickets Restaurant said Diamond Cup weekend was extremely good for his business. He added that he was not a sponsor for the event, but is considering it now.

"If this could become an annual event, I think it would be good," Ciccone said. "And I think that we all could consider and perhaps be a sponsor."

And the general manager of the Coeur d'Alene Resort said he is not surprised that the Diamond Cup lost money in its first year. He said the resort sponsored the event and plans to sponsor it again.

Event President Doug Miller said Diamond Club board members are meeting Monday night to discuss the future of the race. He said more information will be available on Tuesday.

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