Inauguration Ticket Prices Slashed

    WASHINGTON, DC - JANUARY 20:  Obama supporter Teri McClain of Seattle stands near the U.S. Capitol building as Washington prepares for U.S. President Barack Obama's second inauguration on January 20, 2013 in Washington, DC. One day before the public inaugural ceremony at the U.S. Captiol, Obama was officially sworn in for his second term during a private ceremony surrounded by friends and family in the Blue Room of the White House.  (Photo by Mario Tama/Getty Images)

    Mario Tama/Getty

    Tickets for the official inauguration events have been slashed in recent days in order for planners to reach their $50 million fundraising goals to pay for the balls, the parade, and other activities. An email sent last week announced “special rates we have negotiated for you” for various tickets. Tickets to one of the two official balls were going for $500, less than half of what people were paying previously. It suggests that donors have not been as generous as they were in 2009, when fundraisers took in closer to $53 million for the event. Planners had announced that they would take corporate donations this year to ease pressure on individual donors, but only a few companies have donated. “It’s been a tough slog,” one person involved in fundraising said.

    Read it at The Wall Street Journal