This fall's Bank to Bay run will be the last.
The City of Tacoma and KeyBank announced Friday that they have decided to stop the run. It started in 1999 to highlight downtown Tacoma and benefit children’s charities.
Anne Foster, spokeswoman for KeyBank, wouldn’t say how much the bank has spent putting on the race.
“It’s been a sponsorship and we consider that to be propriety business information,” she said.
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She said the bank wanted to “make the best use of our resources. This event has achieved its goal. We’d like to apply our resources in a new way. And we are very close to announcing a new way.”
Foster wouldn’t give details, but she said the new investment wouldn’t necessarily be for downtown Tacoma.
Greg Klein, one of the owners of South Sound Running on Pacific Avenue, said the event will be missed by the runners.
“It had good participation and was extremely well-run. I’m disappointed that it went away. But I hold no hard feelings toward KeyBank,” Klein said. “KeyBank has just been a really good supporter of the community and I think they will find another way to contribute.”