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Obama may move convention speech to Bank of America Stadium

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By Hans Nichols
Bloomberg News

President Barack Obama's re-election campaign is considering moving the final day of the Democratic National Convention in Charlotte, North Carolina, to Bank of America Stadium to sell more skyboxes to wealthy donors, according to three Democrats involved in the fundraising.

The almost 74,000-seat home of the Carolina Panthers professional football team would also have room for the convention to sell more floor passes close to the stage. Planners for the event are struggling to meet a $36.6 million fundraising goal, according to the Democrats, who spoke on condition of anonymity because they weren’t authorized to discuss the matter.

Obama’s advisers are aware of the political downside of the president delivering his nationally televised acceptance in a stadium named for a bank that considered imposing a fee that he said would have “mistreated” customers, they said.

That would be outweighed by the chance to lure more big- dollar contributors, including corporate foundations, to cover the convention’s costs, the three Democrats said. The rest of the convention, scheduled to begin Sept. 3, will be conducted at the Time Warner Cable Arena.

Joanne Peters, press secretary for the Charlotte convention, said, "We plan to hold the convention at the Time Warner Cable Arena."

Click here to read the rest of the story at Bloomberg.com

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