Organizers of the annual Tour of the Gila in southwestern New Mexico are holding out hope that enough financing will come through for this year's race.
The Silver City Sun-News reports that race director Jack Brennan says a decision will be made Thursday whether the cycling event will proceed.
Brennan says he is still looking for a title sponsor and $40,000 in funding to put on the April 29 race, which has financial backing from Silver City.
Tour of the Gila has been a signature event in Grant County for nearly 30 years.
The five-day race includes road races, an individual time trial and criterium. The final stage is the brutal Gila Monster Road Race, which covers more than 100 miles for the pros.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.