tis is correct. Leading up to the demise of offshore boat racing here on Lake Winnipesaukee was an economic downturn that began earlier. 2002-2003
Mal-investment in internet companies during the years before that slump.
A lot of investors and businessmen invested a lot of money and hired a lot of people for various internet companies. But many of these companies didn't have good business models. And they never made any profits.
A lot of investors lost a lot of money. And they had to fire quite a few technology workers they've hired earlier. Which increased the unemployment rate and caused the economic slump = no money = no sponsors. As I recall, the last Offshore Boat races took place here on The Lake in 2003...
I left the camp early on a Saturday morning in 2002 to get a good viewing spot out in the Broads to watch the qualifying for Sunday's Races. Oh and yes, we got a great viewing spot, except my camera was back at the camp!
...
And I'm still kicking my_ _ _ _ for that one!
Well, the show went on and it was exciting and enjoyable to watch., what-with all the chase helicopters in close pursuit with dive teams on board, should anyone lose an out-drive and stuff the nose. As I also recall, I never heard of an accident out there during any of the races.
I had to go to an Nascar race the next day, at NHMS and I wasn't about to miss that.
I did manage to get some photos of some of the competition the following year in 2003 in front of the old Fitzgerold Motorsports complex on Union Ave.
Pic#1. Fire and Ice
Pic#2. Fire and Ice 2
Pic#3. Gladiator
Terry
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