CAPE GIRARDEAU, MO. (AP) -- Sponsorships for the Tour of Missouri are down even as Gov. Jay Nixon is allowing $1.5 million in state funds to be spent on the September bicycle race.
Budget documents released by organizers of the cross-state race show that donors giving $100,000 or more are almost 30 percent fewer than expected earlier this year.
The Southeast Missourian reports that Tour of Missouri executives say some big sponsors are either declining to support this year's race or reducing their commitment.
The largest single Gold sponsor is the Missouri Development Finance Board, a state agency giving $500,000. When that is excluded, anticipated Gold sponsorship revenue is less than half the amount anticipated earlier this year.
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