RENO, Nev. (KRNV & MyNews4.com) -- The Reno Air Racing Association has not yet been able to come up with the money needed to pay insurance to cover the National Championship Air Races this fall, and now they're asking for more money from groups that have already contributed.
President and CEO Mike Houghton went back to the Reno-Sparks Convention and Visitors Authority (RSCVA) today asking for an additional $100,000 in addition to the $75,000 RSCVA has already agreed to.
The Board decided to consider another $75,000 instead, which will be voted on at their next meeting.
Houghton says the Reno Air Racing Association is in a tight race to garner enough money to make their insurance payments of $2 million. He says they're about $300-400,000 away from reaching that $2 m