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Hosting national and global events and competition do attract visitors and create business, but they also include consider planning and costs that fewer and fewer destinations are willing to invest.

If Hillary Clinton becomes the Democratic presidential candidate in 2016, she won’t be accepting her party’s nomination in Miami.

Organizers putting together a bid to host the Democratic National Convention at downtown’s American Airlines Arena — an event with a $50 million price tag for local governments — have recommended withdrawing from the process. They cited too short a time frame to put a winning proposal together.

Organizers Freddy Balsera, a political consultant and publicist, and Bill Talbert, head of the Greater Miami Convention & Visitors Bureau, sent an email last week to Miami-Dade County Mayor Carlos Gimenez, Miami Mayor Tomas Regalado and Miami Beach Mayor Philip Levine, saying Miami would be at a disadvantage because it began preparing its bid too late.

“We continue feeling very strongly that Miami would be the absolute best site for any political convention based on all of the attributes that our community has to offer and we urge you to consider taking steps so that we may organize ourselves with anticipation to potentially pursue the conventions in 2020,” Balsera wrote in the May 28 email.

According to the request for proposals sent by Rep. Debbie Wasserman Schultz, a Weston Democrat and chairwoman of the national party, host cities are required to include a line or letter of credit for up to $20 million to cover potential funding shortfalls.

In addition, hotels taking part would have to commit most or all of their rooms and suites for the event, and AAA and the Miami Beach Convention Center would have to provide unlimited access for eight weeks prior to the convention, whose date has yet to be set.

Fourteen cities, including Orlando, New York and Las Vegas, were also invited to bid, though Orlando has also dropped out. Proposals are due Friday.

(c)2014 The Miami Herald. Distributed by MCT Information Services.

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Tags: conventions, miami, politics

Photo Credit: Former U.S. Secretary of State Hillary Clinton waves to the audience at an event to endorse Virginia gubernatorial candidate and former DNC chairman Terry McAuliffe (R) at The State Theatre in Falls Church, Virginia, October 19, 2013. Yuri Gripas / Reuters