This year's San Diego Bayfair powerboat competition and beach festival has been canceled. organizers announced Monday.
In a statement, San Diego Bayfair's Board of Governors said rising production costs stemming from inflation and "unexpected" sponsorship losses have led to a what they hope is a postponement of this year's event, which was set for Sept. 15- 17.
"While we know our supporters will be disappointed with this difficult decision, the Board of Governors wants to ensure Bayfair continues for decades to come," said Bob Davies, Bayfair's race director.
"We're working hard to continue the Bayfair traditions of the past, and its San Diego legacy as the nation's premier beach festival and powerboat competition."
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At the time the cancellation was announced, tickets had not gone on sale for the 2023 event, which organizers said was expected to bring around 75,000 people to Mission Bay.
Organizers hope to bring the event back next September.
"We thank our fans, volunteers and sponsors for their support and passion for San Diego Bayfair," Davies said. "Rest assured, we'll return in 2024 even better."
