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Democrats Move Obama's Speech to Arena From Stadium

CHARLOTTE, N.C. ( TheStreet) -- President Barack Obama's convention speech will be moved to an indoor arena from the nearly 74,000-seat Bank of America football stadium.

The Democratic National Convention Committee said in a press release that severe thunderstorms would have threatened to derail the events in the open-air stadium on Thursday.

"We have been monitoring weather forecasts closely and several reports predict thunderstorms in the area, therefore we have decided to move Thursday's proceedings to Time Warner Cable Arena (TWC - Get Report) to ensure the safety and security of our delegates and convention guests," said DNCC CEO Steve Kerrigan.

The move means Obama will deliver his nomination acceptance at the arena, which can hold roughly 19,000 people.

The DNCC said more than 65,000 people who signed up for "community credentials" -- given out to local and regional residents who wanted to see Obama speak -- would not be able to see the event in the arena.

The DNCC said Obama would hold a conference call with those community credential holders, and said it would attempt to invite those people to see the president between now and Election Day.

-- Written by Joe Deaux in Charlotte, N.C.

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