Romanoff Sells Home To Fund Campaign
Posted by Kyle Trygstad | Email This | Permalink | Email Author
Talk about going all-in. Colorado Democratic Senate candidate Andrew Romanoff sold his Denver home last week and loaned most of the proceeds to his campaign, the Denver Post and other outlets have reported.
The bungalow sold for $360,000, and Romanoff donated $325,000 to his campaign. "I'm never home anyway," Romanoff deadpanned.
Two weeks remain until his Aug. 10 primary against Sen. Michael Bennet, and Romnaoff needed extra cash after committing most of his remaining funds to TV air time. Bennet ended the second quarter with a more-than $2 million cash-on-hand advantage.
The move is certainly a gamble -- Romanoff, the former state House speaker, will be able to recoup the money he's loaned his campaign, but if he loses to the establishment-backed Bennet in the primary, it will be a lot tougher to collect donations than if he wins. But beyond the extra money the campaign will have, it will also get him plenty of free press.
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