UPDATE @ 1:43 p.m.
WSU President David Hopkins said Tuesday that Wright State is withdrawing as host of first presidential debate scheduled for Sept. 26 at Nutter Center.
He cited escalating costs for security and the inability to raise enough money from community and state to cover what could be as much as $8 million to host the event.
Hopkins said Tuesday in an exclusive interview that he was motivated in part of security concerns raised by the recent attack in Nice, France.
Wright State University will make a major announcement about the upcoming presidential debate.
The university will host the first debate of this General Election on Sept. 26 in the Nutter Center. Wright State is one of four host universities chosen this year by the the commission, a non-profit in charge of producing the General Election debates.
In addition to the presidential debates at Wright State and Washington University, Longwood University in Farmville, Va., will host the vice presidential candidates on Oct. 4 and the University of Nevada, Las Vegas will host the last of the presidential debates Oct. 19.
The Dayton Daily News will have live updates at the 2 p.m. press conference. Follow reporter Kara Driscoll on Twitter.