Philadelphia has moved forward with a proposal backed by Democratic Mayor Cherelle Parker’s office to establish a $35 million line of credit to support bringing the Democratic National Convention back to the city.
The City Council advanced the credit-line bill on Monday as the city seeks to host the 2028 DNC, looking to repeat the event it hosted in 2016 for then-Democratic presidential nominee Hillary Clinton. If the bid to host is successful, the swing-state blue city would take the convention from Chicago, which hosted the convention in 2024.
The eight-figure line of credit would help the city if the fundraising committee does not reach its goals for the convention, though, per the Philadelphia Inquirer, Chief Deputy Mayor Vanessa Garrett Harley said the mayor’s office has “full confidence” in the fundraising committee.
In 2015, the city established a preemptive $15 million line of credit to help the host committee fund the convention. The city’s $35 million credit line marks a $20 million increase in the 12 years between the two conventions.
Furthermore, the convention has not yet been set for Philadelphia. As of Monday, the Democratic National Committee is still determining which city will host the 2028 convention.
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The DNC has narrowed the possible host cities down to Atlanta, Boston, Chicago, Denver, and Philadelphia. The convention is set for Aug. 7 through 10, 2028.
The Republican National Committee has already set the location for its 2028 convention, deciding in 2023 on Houston. The exact dates of the RNC have not yet been announced.