Minneapolis loses DNC bid

Several news outlets, including AP, are reporting the Democratic National Committee has picked Charlotte, NC to be the host city of that party's 2012 convention.

Minneapolis was vying to be the host city.

Question of the Day: Is this good or bad for the Twin Cities?

Update: Minneapolis Mayor R.T. Rybak isn't showing it if he's disappointed. Here's what he wrote on Twitter:

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Congratulations Charlotte. You will be a great host for the 2012 Democratic convention

Here's an updated statement from Rybak:

"Congratulations to Charlotte on being selected to host this great event. Any assistance they need - we're here to help.

We're obviously disappointed, but having been a finalist for this selection proves once again that Minneapolis has what it takes to host any major event. Trust me, we're going to continue to compete for them. Every time Minneapolis vies for this caliber of high-profile event, we strengthen the infrastructure needed to be competitive in attracting conventions and new business to town that in turn create jobs that grow our economy."