The university scheduled to hold the first Presidential debate after the conventions has just pulled out and another has quickly stepped in.

FOX's Rachel Sutherland reports from Cleveland:

Citing security concerns and rising costs, University president David Hopkins announced the school would no longer be able to host the debate, set for September 26.

Wright State was expecting to spend around $3 million to host, but since planning started, costs have gone through the roof, to an estimated $8 million. Hofstra University on Long Island has agreed to host.

At the Republican National Convention in Cleveland, Rachel Sutherland, FOX News.

Follow Rachel Sutherland on Twitter: @SutherlandFOX