Parx Casino gives $500,000 for Philly Cycling Classic

Parx Casino will give $250,000 to sponsor the Philly Cycling Classic both in 2013 and 2014,  Congressman Bob Brady announced Thursday.

Parx will be the name sponsor for the June 2 race, which just weeks ago was thought dead for this year.

Parx is joined by New Penn Financial, which will contribute $100,000 in each of the next two years, with Philadelphia Federal Credit Union contributing $50,000 and Sunoco $25,000 this year. This year's race is expected to be shorter than the traditional race, but will retain its key feature, the climb up the Manayunk Wall.

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