Saturday, June 14, 2008
Convention up to $15 million short
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Fundraising problems continue to be the main story line right now for the convention, which is just over 10 weeks away:
The host committee for the Democratic National Convention faces a possible shortfall of $15 million, complicating logistics for the August event and forcing it to abruptly postpone a media walkthrough of the site scheduled for next week.
The Democratic National Committee has asked the cash-strapped panel to raise $40.6 million by Monday to finance the event. Last month, the committee said it had just $25 million in cash, and it has failed to meet each of several fundraising deadlines since signing a contract with the DNC last year.
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Last week, Denver city auditor Dennis Gallagher sent a letter to Mayor John Hickenlooper saying taxpayers are concerned they may get stuck with the tab if Denver can’t come up with another $15 million by Monday. – AP
With the postponement of the media walkthrough and the cancellation of the state delegate parties, it’s clear money issues are the biggest concern right now for the convention planners.
Posted by Matt at 3:00 PM 
Convention up to $15 million short2008-06-14T15:00:00-04:00MattHost Committee|money|