We're so used to having an exciting and eventful week of unlimited hydroplane racing in the Tri-Cities, it seems 'strange' when other areas in the Northwest struggle with staging a similar event. But that's the case on Lake Coeur' D' Alene, where for the second year in a row, a large unlimited racing event slated for July  has been cancelled.

KREM-TV in Spokane reports the Silver Cup has been cancelled, and event organizers are already working towards 2017.  The announcement came exactly one year to the day the race was cancelled in 2015 as well.

Organizer Keith Allen, general manager of the Silver Cup management group, says officials are still trying to generate significant sponsorship and other infrastructure for the unlimited hydro race, but are still dealing with fallout from the ill-fated Diamond Cup that was held in 2013, that lost a significant amount of money.

Officials say they already have permits in hand for next year, but still need to generate the necessary funding to make sure it's done right. The sports governing body has already said it was a good idea to make sure everything is in place to ensure the success of the event.

The Diamond Cup was an attempt to bring unlimited hydro racing back to the lake after a 45-year hiatus.