Company blamed for Three Rivers Regatta cancellation has filed for bankruptcy | News | Pittsburgh | Pittsburgh City Paper

Company blamed for Three Rivers Regatta cancellation has filed for bankruptcy

click to enlarge Pittsburgh Regatta in 2017 - CP PHOTO: KRISTA JOHNSON
CP photo: Krista Johnson
Pittsburgh Regatta in 2017
After the Three Rivers Regatta was abruptly canceled this August, officials put the blame on the event-management group in charge of organizing it all, Pittsburgh-based LionHeart Event Group.

“The blame is solely with LionHeart. Other vendors were ready to proceed,” said Three Rivers Regatta board member Charles Scholz at the festival cancellation announcement on Aug. 1.

Now, according to WPXI reporter Aaron Martin, LionHeart is filling for bankruptcy. In a tweet with a photo of the company's federal bankruptcy filing, Martin reported that LionHeart between $500,000 and $1 million in liabilities.

TribLive reported today that LionHeart had less than $50,000 in assets. WPXI reported in August that LionHeart still owed Allegheny County $32,000 for event security.

Following the cancellation in August, the Three Rivers Regatta board and local law enforcement quickly launched investigations of potential criminal wrongdoings on the part of LionHeart.

Officials blamed the cancellation on LionHeart's failure to acquire the insurance for the regatta vendors. Sholz told City Paper in August that the Regatta board was considering adopting policies to safeguard against future last-minute cancellations.

In addition to failing acquire insurance, Pittsburgh Mayor Bill Peduto said in August that LionHeart failed to make necessary payments to the Pittsburgh Police in 2019 and 2018.

This year was the first time since 1978 that Pittsburgh did not host the Three Rivers Regatta

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