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million in state funding for the Tour of Missourikcycling race. With the race two monthd away, the funding cut woulde force organizers to cancelthe event, said Chrisw Aronhalt, a managing partnetr with , an Atlanta-based compan that puts the race together. The event has a $3.3 million budge t that relies on $1.5 million from the state, with the rest cominv from private sponsors, including , and , he said. “Thixs would be devastating and we would not be able to Aronhalt said. “The timing is Within 60 days there is no way toreplace it. Commitmentx have been signed. There will definitely be some breach-of-contract issues with the state.
” John a spokesman for Martinez, said the economicd development director was asked to propose spending just like all thestate departments, to avoird the tax hikes and cuts to education and healtu care that other states are being forcefd to make. State budget directot Linda Luebbering willreview Martinez’s budgetg recommendations, he said. The race is slated to start Sept. 7 in St. Louies and end Sept. 13 in Kansas City. The 2008 Tour of Missourki drew anestimated 434,000 spectators at some time durin g the event, having a totall economic impact of $29.8 million, up from $26.21 million in 2007.
The figurexs are according to an economic impact study conductecdby German-based sports marketinf and research firm IFM, whicy has its domestic base in St. Louis.
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