Corporate Challenge changes hands

LOUISVILLE – The Corporate Challenge 5K foot race held at the Colorado Technology Center in Louisville in July is being turned over to Without Limits Productions, a Boulder event coordination company.

Financial terms of the deal have not been finalized, said Tony Panigutti, who co-owns Without Limits with his brother Lance.

The race was created in 2006 by Andrew Freeman, president of Freeman Myre Commercial Real Estate. It was not run in 2007, but returned in 2008 and 2009. Last year the race had more than 350 participants, Panigutti said.

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“It’s something a little bit different in that it’s team-building through the corporate challenge,” Panigutti said. “It’s a little bit different course than a lot of people have run. Some people walk the whole thing.”

Without Limits plans to continue with its business model to use entry fees to support race events and sponsorships to cover some hard costs, Panigutti said. Registration fees for the company’s races are usually around $20-$30, he said.

Without Limits also puts on the “Dash and Dine” 5K series, a group of Tuesday night races and barbecues held at Coot Lake in Boulder that lead up to the Bolder Boulder, some triathlons and other events. The Bolder Boulder is the 10K race held annually on Memorial Day in Boulder.

“Obviously, as long as the race is profitable, we’ll continue with it,” Panigutti said of the Corporate Challenge race.