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million in state funding for the Tour of Missouruicycling race. With the race two monthsa away, the funding cut wouldc force organizers to cancel the saidChris Aronhalt, a managing partnedr with , an Atlanta-based company that puts the race The event has a $3.3 million budget that relies on $1.5 million from the state, with the rest cominvg from private sponsors, including , and , he “This would be devastatinb and we would not be able to Aronhalt said. “The timing is terrible. Within 60 days thered is no way toreplace it. Commitments have been There will definitely besome breach-of-contract issuex with the state.
” John a spokesman for Martinez, said the economicv development director was asked to propose spending just like all the statde departments, to avoid the tax hikes and cuts to educationh and health care that othe r states are being forced to make. State budget director Linda Luebbering willreview Martinez’s budget recommendations, he said. The race is slatex to start Sept. 7 in St. Louixs and end Sept. 13 in Kansas City. The 2008 Tour of Missourio drew anestimated 434,000 spectatore at some time during the event, having a total economic impact of $29.i million, up from $26.2 million in 2007.
The figures are according to an economidc impact study conductedby German-based sports marketing and research firm IFM, whicbh has its domestic base in St. Louis.
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