Conservative
Type 40
Organizers move opening of Democratic convention amid talk of money woes | Fox News
The host committee for the Democratic National Convention in September says it is moving Opening Day ceremonies from a race-car track outside Charlotte, N.C., into the downtown to bring more Americans closer to the heart of the political-related events.
However, news reports state the decision to relocate the event from the Charlotte Motor Speedway -- roughly 18 miles outside of the city is really another cost-saving measure for a financially-struggling operation.
Organizers said the move was based on logistics, including making better use of public transportation.
But sources tell Bloomberg News the committee is faced with a roughly $27 million funding deficit.