Rhode Island Not Ready To Commit On America’s Cup

NEWPORT, R.I. (AP) – Rhode Island’s top economic development official says the state won’t be ready to commit to the America’s Cup until after a Dec. 31 deadline set by the team selecting the host city, potentially aiding San Francisco’s chances of landing the race.

But Keith Stokes says that should not prevent BMW Oracle from choosing Newport as the venue for the 2013 America’s Cup on a conditional basis.

Stokes said on Wednesday the state is a week or two away from an estimate on the cost of improving infrastructure at Newport’s Fort Adams State Park.

A spokesman for Gov.-elect Lincoln Chafee said landing the cup is a top priority, but Chafee doesn’t want to commit until he knows the cost.

The Newport Chamber of Commerce predicts a $1.1 billion economic boost from the prestigious international sailing competition.

Oracle CEO Larry Ellison’s BMW Oracle Racing Team won the 33rd America’s Cup on behalf of San Francisco’s Golden Gate Yacht Club in February and gets to choose the host city for the next race.

(© 2010 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Comments

One Comment

  1. Ken Amaro says:

    Americas Cup must come to San Francisco. Try to visualize San Francisco in 2013. The Eastern Span of the Bay Bridge will be completed thereby adding a spectacular view to the Bay Area Skyline. The TransBay Terminal will be done. The Double Bore Tunnel bypassing “Devils Slide” south of Pacifica be done, makin the drive down the Pacific Coast Highway even more exciting for Tourists. Many other things are coming. Bring the Race here.

  2. Carla says:

    Ellison will be the most hated man in SF if it doesn’t come here!

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