Bike Race Faces Cancellation

Today's Inquirer reports that the TD Bank Philadelphia Cycling Championship is in danger of cancellation.

"Race organizers (Threshold Sports LLC) say they face a $500,000 budget gap, partly because the economic downturn has led to fewer sponsors. The cash-strapped city is also charging organizers for clean-up and policing costs this year.

They have given themselves until Monday to find funding or they will cancel the event, set for June 7 ."

If you want to take action to save the Philadelphia International Championship go to the Pro Cycling Tour Embrace the Race campaign web page.

This would be the 25th Year of the race, the first winner in 1985 was former Olympic Gold Medal Speed Skater Eric Heiden, 21 Year Old Lance Armstrong won the race as an up and comer in 1993 and George Hincapie took the competition in 1998. The event was the US Pro Championship race until 2005.