Published: Dec 10, 2013 10:31 AM EST
Updated: Dec 10, 2013 6:04 PM EST

CAPE CORAL, Fla. — Southwest Florida's largest fireworks display Red White and Boom is going "bust" for now. The Cape Coral Chamber of Commerce says next year's event is off unless it can find a title sponsor to foot the bill. 

It has been an annual tradition of fireworks, food and fun, but the funding for Red White and Boom has fizzled out.

Chamber of Commerce president Mike Quaintance says the board of directors gave the chamber a deadline of the end of November to find a new title sponsor. No sponsor could be found.  "We can't go into the event not having the funds to cover all the infrastructure, and stuff like that," he said. 

The RE/MAX Realty team has sponsored the event for the past four years, and can't do so again. 

"It's a large event. Cape Coral has a tremendous number of smaller businesses so it makes it difficult to find a larger business that's able to foot the bill," he said. 

About 20,000 people flocked to the south Cape to see the show.  The event is a costly one:  $120,000 for the entire thing, along with hundreds of volunteers.

But there is some hope. Quaintance does say if someone were to step up with the $50,000, the chamber would still be able to have the event. "I think I'm open to anything, I'd like to see us continue to do it, but that's not financially feasible. We're a business just like everyone else and if it doesn't make sense financially, we can't do it." he said. 

The chamber says it hopes by putting this out there early, an organization will step up and take over.