Scenery form Missouri. Hot-air balloon race in Forest Park, St. Louis, Missouri. The Great Forest Park Balloon Race was founded by renowned balloonists Nikki Caplan and John O'Toole in 1973, and taken over by four, young, enthusiastic balloonists: John Marlow, John Schaumburg, Dan Schettler and Ted Staley in 1977. What started with four newly certified balloonists and a whimsical group dubbed the Mississippi River Balloon Transit Company, today hails as the organization of the most well-attended, single-day balloon race in the country.