RENO, Nev. (KRNV & MyNews4.com) - The Commissioners of the Nevada Commission on Tourism has unanimously approved a $600,000 sponsorship for the National Championship Air Races.
The air races brings more than 200,000 visitors to the area each September and has an estimated $50+ million in economic impact on the region.
After last year's crash the insurance premium for the event jumped to $2 million, an increase of of $1.7 million from previous years.
The Reno Air Racing Association has worked to pursue additional and increased sponsorships, donations and funding. Reno Air Racing Association and the Nevada Commission on Tourism will negotiate the final details of the sponsorship over the next couple of weeks.
The National Championship Air Races take place Sept. 12-16, 2012.
Mike Houghton, president and CEO of the Reno Air Racing Association said, "The entire board and staff of the Reno Air Racing Association has been absolutely overwhelmed and humbled by the tremendous support and encouragement that has been shown by so many of our stakeholders... When we made the commitment to continue this historic and world class event, we knew that, despite our best efforts, we could not do it without the support of the community.”
The Nevada Commission on Tourism chair Lt. Governor Brian K. Krolicki said, "The National Championship Air Races is an important event, not only for northern Nevada, but for the entire state creating significant economic impact and worldwide exposure for the region.”