Money woes put First Night Newport in jeopardy

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The bad economy may lead to the end of a New Year’s Eve tradition in the City by the Sea.

The Newport Daily News reported that organizers will decide Dec. 1 whether First Night Newport will be canceled.

Organizers said the event is in serious debt. A September fundraiser fizzled and put the organization further in debt.

Officials said it costs about $30,000 to put on the event.

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