DRRA Announces Its Closure
Detroit, Michigan (February 13, 2015) -- The Detroit River Regatta Association, which has produced the annual Detroit Gold Cup boat races for the past 13 years, will cease operations effective February 28, 2015.
Despite a loyal core fan base, the DRRA has found it increasingly difficult to generate the necessary support to stage the event.
"Hydroplane racing has been a great Detroit tradition, and we are not pleased to see our role end this way," said Bill Rands, Chairman of the DRRA Board of Directors. "But after running at a deficit for the past several years, it has become undeniably apparent that we cannot continue."
In November, the DRRA announced a new summer event, which they planned to produce in place of the Gold Cup races. Due to today's news, The Festival of Speed will no longer be taking place.
William C. (Bill) Rands, Chairman
Detroit River Regatta Association