LOUISVILLE, Ky. (WHAS11) -- The Kentucky Derby Festival's oldest event, the Pegasus Parade took place on Thursday May 3.
Cyndi Lauper was the grand marshal for the 57th Republic Bank Pegasus Parade. She performed her hit "True Colours" for the crowd.
UK basketball coach John Calipari was the honorary grand marshal.
The parade has an estimated economic impact of $22 million.