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Balloon Festival Organizers say Thieves Stole $40K in Cords

AUBURN, Maine - The organizers of a Maine balloon festival say someone stole more than $40,000 worth of copper power cords from a storage trailer.

The Sun Journal reports that the cords were to be used to electrify the field at Simard-Payne Memorial Park for the Great Falls Balloon Festival.

Police are investigating the theft, which festival organizers say appears to have occurred in late fall or early winter.

Organizers say their insurance does not cover the incident. They also say the festival will be able to recover from the theft, but will need to raise funds to do it.

The 23rd annual festival is scheduled for Aug. 21 to 23.