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November 25, 2013
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Air race seeks to raise $500,000 by Dec. 15

The Reno Air Race Association must raise a half million dollars by Dec. 15 to meet its operational costs after a third year of financial losses. “In order to address the operational costs of 2014 and beyond, including an oppressive insurance premium, we need to raise $500,000 in commitments, funds and debt reduction by Dec. 15,” President Mike Houghton said in a Nov. 22 letter to members. That insurance premium is the result of a Sept. 16, 2011, crash involving a modified P-51 Mustang that killed the pilot and 10 spectators, including Gardnerville contractor John Craik. In addition to the …

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The Record Courier Updated Nov 27, 2013 02:08PM Published Nov 25, 2013 02:02PM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.