Duke CEO and DNC Convention booster Jim Rogers recently told the Charlotte Observer he expects local banks to help pay for the Convention:
Duke Energy’s Jim Rogers has been the corporate face in wooing the Democratic National Convention to Charlotte, but the utility’s CEO said Tuesday the city’s big banks and other companies will play a role in financing the event.
Charlotte-based Bank of America and San Francisco-based Wells Fargo “have been engaged, working with us and I’m really thankful for their support,” Rogers told the Observer after a news conference about the city’s selection. “I think they’re going to step up in the appropriate ways to support this effort, both with their people who are here in the city as well as financially.”
Rogers said at the news conference that Convention organizers need to raise between $40 million and $50 million, a task assigned to him by Charlotte Mayor Anthony Foxx. Organizers already have commitments, but Rogers wouldn’t give a dollar figure or disclose any specifics.
At first glance, this seems to violate the DNC’s pledge earlier this year that no corporate money would be taken for the Convention. Is DNC now backing off that pledge? If not, where is this money going?