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UPDATE: Lakeshore airshow temporarily grounded

After two decades of high-flying fun, this year's Thunder on the Lakeshore Airshow has been postponed
MANITOWOC, Wis. (WFRV) - After two decades of high-flying fun, this year's Thunder on the Lakeshore Airshow has been grounded. Director Jutta Furca said it all comes down to finances.

"It's hard," she said. "It's an emotional thing because we love doing this."

The show which attracts an average of 50,000 people. It's paid for entirely by donations and corporate sponsorships. Last summer's attendance was down, due in part to a lack of military jet presence because of the federal sequester. Furca said the show lost money and reserve funds dried up.

"We have a little bit," she explained. "but not enough to carry on and, heaven forbid, the weather be bad and we don't get people through the gates again. It's a business. We have insurance to buy and the performers cost money and the food and the hotel rooms so you can't go into it thinking you can recoup it if the money is not in the bank account."

Organizers said it's not an end, just a postponement. They're already planning on coming back bigger and better in 2015."

That's good news for Diana Gonzalez. She owns First Class Cafe right across the street from the airport.

"We were really hoping for a lot of business during the air show," Gonzalez said. "because they do draw a big crowd over there."

The show brings in about $3 million to the local economy. It's a boost business owners and organizers don't want to see disappear for good.

"That would be awesome if they did come back for sure," said Gonzalez.

"We'll manage to do some fundraising and get the money up where it should be," added Furca.

It costs about $100,000 to put on the show every year.

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