On Tuesday, when the regatta’s cancellation was announced just three days before it was set to begin, officials said LionHeart Event Group had been hired for several years to handle event management of the regatta.
The company’s responsibilities included purchasing insurance, securing permits, acquiring sponsors, collecting sponsorship money, contracting with food vendors, working with the race boat organizations and working with the city and others to provide security, officials said.
Officials said they learned last week that insurance for the event had not been purchased.
“We’ve worked with LionHeart on events in the past with the City of Pittsburgh, and we’ve never experienced any problems. They paid, it wasn’t always prompt, but they paid. This is the first time they failed to make any payment whatsoever,” Kraus said.