COEUR D'ALENE, Idaho -

The Diamond Cup will not be returning to Lake Coeur d'Alene this year as organizers failed to file the required permits to host the event.

The Diamond Cup returned to the Lake City after an extended hiatus last summer, however this year contracts and permits were not filed by the deadline – which was Monday – so the Kootenai County Sheriff's Office had to deny organizers a permit to use the lake.

“Those conditions just weren't met. They asked for some extensions as recently as last Friday," said Kootenai County Sheriff Ben Wolfinger.

Wolfinger said the deadline for organizer Doug Miller to file everything needed to use the lake was Monday.

“We have to hold our deadline and we have to watch how much time we are spending as county employees and using tax payer dollars planning for this issue," said Wolfinger.

Some of the requirements not obtained by Miller included contracts with a crowd control company, traffic management, insurance for the event and a permit from Idaho Parks and Recreation.

On top of that thousands of dollars are still owed to businesses from last year, including Hite Crane, Specialty Tree Services and many others.

“Kootenai Fire and Rescue, I know they still owe a large amount of money and they're supposedly in negotiations with the H1 people or Diamond Cup," said Wolfinger.

Calls and messages left with the Diamond Cup offices have not been returned in time for this story, however Doug Miller said in an earlier interview he had promised profits from this year's race would cover his debts from last year.

“It will be more than enough financially to take care of our financial obligations for 2013 as well as pay for the 2014 event," Miller said.

Diamond Cup race organizers could the race next year but this year is now out of the question.