Organizers of Philadelphia's annual professional bicycle race met with Mayor Nutter this morning to disucss the fate of cash-strapped race. But they left City Hall with the decision still up in the air.
The folks behind the TD Bank Philadelphia Cycling Championship announced last week that they had only raised $1.2 million of the $1.7 million needed to put on the event, due to less sponsorship interest and a new city rule that requires they pay for services like police and street cleaning. They set a deadline of April 27 to decide if the June 7 race would go on. But yesterday, they stalled for an extra day.
Organizer Dave Chauner said he expects to put out a statement by 5 p.m. today on the plans for the race. He said the funding gap is now around $400,000, due to contributions made over the past week.