May 1/09 11:18 am - Philly Gets Reprieve

Posted by Editoress on 05/1/09
 

After several weeks of uncertainty, organizers of the TD Bank Philadelphia International Cycling Championship announced Wednesday that the annual race will be held as scheduled on Sunday, June 7.

"We are pleased to report that today we secured enough new sponsorship funding to produce the race as planned, and will announce the event’s new partners next week" said Dave Chauner, president of Pro Cycling Tour and co-founder of the Philadelphia race 25 years ago.  Chauner added that strong response to PCT’s Embrace the Race Campaign and high initial sales of VIP tickets were significant factors in helping to close the $500,000 funding gap the event faced early last week.

"The new sponsors are providing enough to ensure we cover the city’s cost requirements, prize money and other budget items critical to running the race," said Jerry Casale, Chief Operating Officer of Pro Cycling Tour and also a race founder. "But we still need to sell more tickets and merchandise to break even."

Press release