CHARLOTTE, N.C. -- President Barack Obama will not be giving his big speech on Thursday in Bank of America Stadium after all. On Wednesday, the Democratic National Convention announced a change of venue, saying the president will be addressing the nation from inside the Time Warner Cable Arena because of the chance of severe rainstorms.

"We have been monitoring weather forecasts closely and several reports predict thunderstorms in the area, therefore we have decided to move Thursday's proceedings to Time Warner Cable Arena to ensure the safety and security of our delegates and convention guests," said Steve Kerrigan, CEO of the Democratic National Convention Committee, in a statement.

More than 65,000 people were expected to turn out for the president's open-air address at the stadium, with the campaign hoping to replicate the energy and enthusiasm that Obama generated at the 2008 convention, when he spoke outside at Mile High Stadium in Denver.

An Obama campaign official dismissed speculation that the speech venue was being changed because they were having trouble filling the stadium. "We had 19,000 people on the wait list. No doubt we were going to fill it," said the official.

The Time Warner Cable Arena seats around 20,000, meaning a significant number of people who were planning to attend the president's speech will no longer be able to do so.

It has rained every day since the Democratic convention started, often surprising and soaking convention-goers walking around outside without rain gear.

James Oh, a meteorologist with the National Weather Service, told the Associated Press that Charlotte has a 40 percent chance of rain and thunderstorms during the day on Thursday, with a 20 to 30 percent chance on Thursday evening.

"We encourage our community credential holders and Americans across the country to continue to come together with their friends and neighbors to watch and participate in history," said Kerrigan in his statement on Wednesday. "The President will speak to these credential holders on a national conference call tomorrow afternoon, and we will work with the campaign to ensure that those unable to attend tomorrow's event will be invited to see the President between now and election day."

UPDATE: 3:40 p.m. -- Obama campaign spokeswoman Jen Psaki told reporters on Wednesday that the president was "disappointed" that he wouldn't be speaking at Bank of America Stadium this week.

"We're all disappointed, because we had 65,000 ticket holders plus 19,000 people who were on the waiting list, excited to hear him deliver his speech tomorrow night. So certainly he is [disappointed]," Psaki said, according to a pool report.

She said convention organizers were concerned about "putting the public safety or security of anybody in the audience at risk."

"We would have possibly had to evacuate the stadium" if thunderstorms hit, Psaki added.

Related on HuffPost:

Loading Slideshow...
  • President Barack Obama laughs with his wife Michelle and his daughters Malia and Sasha after his speech to the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/Lynne Sladky)

  • President Barack Obama waves with his wife Michelle and his daughters Malia and Sasha after his speech to the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/Lynne Sladky)

  • Joe Biden, Barack Obama

    Vice President Joe Biden and President Barack Obama wave to the delegates at the conclusion of Presdident Obama's speech at the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/J. Scott Applewhite)

  • President Barack Obama waves with his wife Michelle and his daughters Malia and Sasha after his speech to the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/Lynne Sladky)

  • President Barack Obama waves with his wife Michelle and his daughters Malia and Sasha after his speech to the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/Lynne Sladky)

  • President Barack Obama waves with his wife Michelle and his daughters Malia and Sasha after his speech to the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/Lynne Sladky)

  • President Barack Obama waves with his wife Michelle and his daughters Malia and Sasha after his speech to the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/Charlie Neibergall)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama stands with his family, (L-R) First lady Michelle Obama, Sasha Obama, and Malia Obama during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Chip Somodevilla/Getty Images)

  • US-VOTE-2012-DEMOCRATIC CONVENTION

    US President Barack Obama, First Lady Michelle Obama, daughters Malia (L) and Sasha (C) wave after Obama's acceptance speech at the Time Warner Cable Arena in Charlotte, North Carolina, on September 6, 2012 on the final day of the Democratic National Convention (DNC). AFP PHOTO Stan HONDA (Photo credit should read STAN HONDA/AFP/GettyImages)

  • Barack Obama

    President Barack Obama speaks at the Democratic National Convention in Charlotte, N.C., Thursday, Sept. 6, 2012. (AP Photo/Pablo Martinez Monsivais)

  • US-VOTE-2012-DEMOCRATIC CONVENTION

    Supporters listen as US President Barack Obama delivers his acceptance to run for a second term as president at the Time Warner Cable Arena in Charlotte, North Carolina, on September 6, 2012 on the final day of the Democratic National Convention (DNC). AFP PHOTO Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/GettyImages)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage as he accepts the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Win McNamee/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage as he accepts the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Streeter Lecka/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: (L-R) Marian Robinson, Malia Obama, Sasha Obama, First lady Michelle Obama and Second lady Dr. Jill Biden watch as Democratic presidential candidate, U.S. President Barack Obama speaks on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Scott Olson/Getty Images)

  • From left, Michelle Obama's mother Marian, Malia and Sasha Obama, their mother Michelle and Dr. Jill Biden, wife of Vice President Biden, listen to President Barack Obama at the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/Lynne Sladky)

  • US-VOTE-2012-DEMOCRATIC CONVENTION

    US President Barack Obama as he delivers his acceptance to run for a second term as president at the Time Warner Cable Arena in Charlotte, North Carolina, on September 6, 2012 on the final day of the Democratic National Convention (DNC). AFP PHOTO Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/GettyImages)

  • US-VOTE-2012-DEMOCRATIC CONVENTION

    The First family welcomes US President Barack Obama as he delivers his acceptance to run for a second term as president at the Time Warner Cable Arena in Charlotte, North Carolina, on September 6, 2012 on the final day of the Democratic National Convention (DNC). From L-R, first row: Mother-in-law Marian Robinson, daughter Malia, daughter Sasha, First Lady Michelle Obama, Second Lady Dr. Jill Biden and Mrs.Obama's brother Craig Robinson (3rd R, second row). AFP PHOTO Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/GettyImages)

  • US-VOTE-2012-DEMOCRATIC CONVENTION

    US President Barack Obama delivers his acceptance to run for a second term as president at the Time Warner Cable Arena in Charlotte, North Carolina, on September 6, 2012 on the final day of the Democratic National Convention (DNC). EDITORS NOTE: Image was shot with a tilt-shift lens. AFP PHOTO Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/GettyImages)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama claps on stage as he accepts the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Win McNamee/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage to accept the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Chip Somodevilla/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage as he accepts the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Kevork Djansezian/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage as he accepts the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Joe Raedle/Getty Images)

  • US-VOTE-2012-DEMOCRATIC CONVENTION

    First daughters Malia (L) and Sasha (C) confer as US President Barack Obama delivers his acceptance to run for a second term as president at the Time Warner Cable Arena in Charlotte, North Carolina, on September 6, 2012 on the final day of the Democratic National Convention (DNC). AFP PHOTO Robyn BECK (Photo credit should read ROBYN BECK/AFP/GettyImages)

  • US-VOTE-2012-DEMOCRATIC CONVENTION

    First Lady Michelle Obama (R) looks over at daughters Malia (L) and Sasha (C) as US President Barack Obama delivers his acceptance to run for a second term as president at the Time Warner Cable Arena in Charlotte, North Carolina, on September 6, 2012 on the final day of the Democratic National Convention (DNC). AFP PHOTO Robyn BECK (Photo credit should read ROBYN BECK/AFP/GettyImages)

  • US-VOTE-2012-DEMOCRATIC CONVENTION

    First Lady Michelle Obama (2nd R) looks over at daughters Malia (L) and Sasha (C) as US President Barack Obama delivers his acceptance to run for a second term as president at the Time Warner Cable Arena in Charlotte, North Carolina, on September 6, 2012 on the final day of the Democratic National Convention (DNC). AFP PHOTO Robyn BECK (Photo credit should read ROBYN BECK/AFP/GettyImages)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: (L-R) Malia Obama, Sasha Obama, and First lady Michelle Obama listen as Democratic presidential candidate, U.S. President Barack Obama speaks on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Chip Somodevilla/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage to accept the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Alex Wong/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage to accept the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Alex Wong/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage to accept the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Chip Somodevilla/Getty Images)

  • President Barack Obama waves to candidates at the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/Lynne Sladky)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama waves on stage as he accepts the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Justin Sullivan/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage to accept the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Justin Sullivan/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage to accept the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Justin Sullivan/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama speaks on stage to accept the nomination for president during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Chip Somodevilla/Getty Images)

  • President Barack Obama applauds before his speech to the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/Lynne Sladky)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: (L-R) Malia Obama, Sasha Obama, and First lady Michelle Obama listen as Democratic presidential candidate, U.S. President Barack Obama speaks on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Chip Somodevilla/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: (L-R) Malia Obama, Sasha Obama, First lady Michelle Obama and Second lady Dr. Jill Biden watch as Democratic presidential candidate, U.S. President Barack Obama speaks during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Justin Sullivan/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: First lady Michelle Obama hughs Democratic presidential candidate, U.S. President Barack Obama on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Justin Sullivan/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama hugs his wife First lady Michelle Obama during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Alex Wong/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama waves on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Justin Sullivan/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: (L-R) Malia Obama, Sasha Obama, and First lady Michelle Obama watch as Democratic presidential candidate, U.S. President Barack Obama speaks on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Justin Sullivan/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama walks on stage to join First lady Michelle Obama during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Streeter Lecka/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama walks on stage to join First lady Michelle Obama during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Streeter Lecka/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic presidential candidate, U.S. President Barack Obama walks on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Justin Sullivan/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: First lady Michelle Obama introduces Democratic presidential candidate, U.S. President Barack Obama during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Alex Wong/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: U.S. Sen. Dick Durbin (D-IL) speaks on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Alex Wong/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic vice presidential candidate, U.S. Vice President Joe Biden waves with his wife Second lady Dr. Jill Biden after speaking on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Chip Somodevilla/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic vice presidential candidate, U.S. Vice President Joe Biden hugs his wife Second lady Dr. Jill Biden after speaking during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Chip Somodevilla/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic vice presidential candidate, U.S. Vice President Joe Biden speaks on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Alex Wong/Getty Images)

  • Obama Accepts Nomination On Final Day Of Democratic National Convention

    CHARLOTTE, NC - SEPTEMBER 06: Democratic vice presidential candidate, U.S. Vice President Joe Biden speaks on stage during the final day of the Democratic National Convention at Time Warner Cable Arena on September 6, 2012 in Charlotte, North Carolina. The DNC, which concludes today, nominated U.S. President Barack Obama as the Democratic presidential candidate. (Photo by Alex Wong/Getty Images)

  • Vice President Joe Biden waves as he appears on stage to address the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012. (AP Photo/David Goldman)