Sponsors found for Philly bike race

April 30, 2009 4:57:54 AM PDT
Organizers of Philadelphia's annual professional bicycle race say the event will be held this summer as planned.

A $500,000 budget shortfall had threatened the June 7 TD Bank Philadelphia International Cycling Championship.

Pro Cycling Tour president and event co-founder David Chauner says two new sponsors have come through, making it possible to continue the event. The sponsors have not been announced.

Chaunder says donations from fans and efforts by lawmakers also played a part. Because of Philadelphia's budget shortfall, events now have to pick up some of the costs the city used to absorb.

This will be the 25th year for the 156-mile Manayunk bike race. It's considered the premiere one-day pro bike race in the country.

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