Sunday, May 27, 2007

Chicago event expected to raise at least $1.5 million for Obama

Chicago event expected to raise at least $1.5 million for Obama
By John McCormick
Copyright © 2007, Chicago Tribune
Published May 27, 2007

Sen. Barack Obama's campaign is planning what could be the largest fundraiser of his presidential bid so far, a big-dollar event in Chicago that is expected to raise at least $1.5 million in a single evening.

Minimum suggested admission for the June 8 reception at the Park West theater, 322 W. Armitage, is $1,000.

A flier for the event lists nine individuals or couples who have each pledged to raise at least $100,000, enough to make them "chairs" for the "Celebration with Senator Barack and Michelle Obama."

The list of Chicago-area fundraisers includes such names as Obama national finance Chairwoman Penny Pritzker and Lou Susman, the national finance chairman for John Kerry's 2004 presidential bid.

Illinois Comptroller Dan Hynes, a primary-election opponent in Obama's 2004 U.S. Senate campaign, is also among those listed in the top fundraising category, as is Chicago money manager John Rogers.

Dozens of others have each pledged to raise between $10,000 and $50,000. Playboy Enterprises CEO Christie Hefner and her husband, for example, have committed to raising at least $10,000 for the Democrat.

On paper, the event could raise as much as $2 million.

But campaign officials cautioned Saturday that some of that money was raised during the first quarter of the year -- and could be counted toward the quotas on the flier. Obama roughly matched the fundraising prowess of Sen. Hillary Clinton (D-N.Y.) by pulling in nearly $26 million in that period.

Individuals can give only $2,300 for the primary campaign and $2,300 for the general election. For this event, Obama is soliciting donations of up to that full $4,600.

During the first quarter, the Illinois Democrat held at least four fundraisers -- in Boston, Chicago, Hollywood and New York City -- that brought in at least $1 million each.

Obama's home base was his top fundraising location during the first quarter. He raised $2.1 million from people listing Chicago addresses.

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mccormickj@tribune.com

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