KENNEWICK, Wash.- Water Follies organizers are more optimistic today than they were a week ago that the annual summer event will happen. That optimism is due mainly to Robert Young Suites & Apartments, announcing they will once again sponsor the event.
Robert Young has long sponsored the over-the-river air show, but was rumored to be ending the sponsorship. Putting the rumors to rest, Robert Young not only returns as a major sponsor, but is increasing its sponsorship dollars by 10%.
That puts total sponsorship dollars to date at 46% of the necessary funding. Last month, the Water Follies announced that if they don't have the funding in place by the end of February, they will be forced to cancel the event.
Full text of news release from Water Follies:
For the past 15 years community leader Robert Young has generously sponsored the Tri City Water Follies Air Show, a part of the annual summer event which also features the Atomic Cup Hydroplane races.
After learning the uncertain future of the event due to financial problems, Mr. Young responded by increasing his sponsorship by 10% and offered free office space for administrative operations.
"Robert Young Apartments will be a significant contributor to help the event become financially solvent again" says Kathy Balcom, President of the Water Follies Association.
After reading about the challenges of the association, Robert Young immediately contacted the Water Follies with his support. "This is a community event that we are honored to present" states Young. "We've been very successful in the Tri Cities and are proud to be able to give back to the community as a partner"
Robert Young joins HAPO Community Credit Union, local Budweiser Distributor- King Beverage, The City of Richland, G.I. Joe's and the Tri-Ports in contributing major sponsor dollars.
"We appreciate Mr. Young's outstanding support. This will now ensure that we can provide a quality air show" says Malin Bergstrom, Chairman of the Air Show for the 7 past Years.
With Mr. Young's commitment, the Water Follies is approximately 46% toward fulfilling the sponsorship goal. The Board of Directors has established March 1st as the target date to confirm financial viability of the event.
Friday, February 2 2007 1:11 AM EST2007-02-02 06:11:58 GMT
The ABRA says the Tri-Cities Unlimited Hydroplane races are still on the schedule for 2007 despite concerns about sponsorship dollars. More >>
The ABRA says the Tri-Cities Unlimited Hydroplane races are still on the schedule for 2007 despite concerns about sponsorship dollars.
But it's up to the local race site to come up with the money to fund the event. Local race organizers in the Tri-Cities have been raising the warning flags about money problems that threaten the future of the Water Follies weekend.More >>