The Charlotte Observer leaks the news that, once again, President Obama will move the Democratic National Convention from an arena to an outdoor stadium on the last night for his nomination acceptance speech. The difference here is that the convention takes place in Charlotte, which means that the available stadium for the proceedings… is Bank of America Stadium.

On the final night of this fall’s Democratic National Convention, President Barack Obama will deliver his acceptance speech at Bank of America stadium, party sources told the Observer on Monday night.

Convention officials are expected to announce the venue this morning at a news conference at the stadium. Two party sources say the decision to use the stadium was made months ago.

The president will accept the nomination Sept. 6. So far, organizers have said only that plans call for holding the convention at Time Warner Cable Arena.

The move to the Carolina Panthers’ 74,000-seat stadium would replicate the 2008 convention, where Obama accepted the nomination at a packed Invesco Field in Denver.

The DNC presents this as an opportunity to get the public in to see the nomination speech, but more to the point, this is about giving more skybox seating to wealthy donors and supporters. In fact, selling skybox access could reinvigorate sagging fundraising for the convention.

The optics, however, are just awful, that a President frequently criticized for a cozy relationship with the banks and a failure to prosecute them for their crimes would accept the nomination for re-election at a stadium named for one of the prime big bank offenders. This does not escape First Read today.

The move, which would open the speech to the public, is designed to help mobilize voters in North Carolina, a key swing state.” Then again, the corporate symbol of “Bank of America” stadium might not be one that Democrats want.

One party source dismissed this, saying “It doesn’t matter whose name is on the stadium, President Obama has a record to run on holding Wall Street accountable, and there will be no doubt which candidate in the race is willing to stand up to Wall Street.” That doesn’t really stand up to scrutiny.

The silver lining here is that, when Bank of America breaks up and resolution authority kicks in, we might see a stadium name change, perhaps during the convention, in real time.