Democrat gathering is facing cash woes

[MaineDem]

Convention panel $4.6m short of goal
By Rick Klein, Globe Staff
May 5, 2004

With 83 days left before the Democratic National Convention, local organizers remain $4.6 million short of fulfilling their fund-raising commitment and have brought in only about $650,000 in new cash donations in the past month.

Julie Burns, executive director of the convention host committee, said she isn't concerned about the pace of fund-raising. Organizers said they have also secured donated services worth about $1.25 million in recent weeks, bringing them about $1.9 million closer to their target than they were a month ago.

...

Boston 2004, the convention host committee, must raise $39.5 million in cash and in-kind contributions under the terms of its contract with the Democratic National Convention Committee, and any gap would have to be made up by public entities, including the city of Boston. In addition, the federal government is providing $25 million to cover security costs, though convention planners concede that the true cost of security could be higher, and those costs could fall to the city or the state to cover.

http://www.boston.com/news/politics/conventions/articles/2004/05/05/democrat_gathering_is_facing_cash_woes/

[BayCityProgressive]

1. That is a ton of money for a convention..

[THUNDER HANDS]

2. that buys a lot of peanuts