San Francisco supervisors and city officials held a hearing to focus on lessons learned from the America’s Cup race held last summer in order to improve their bid for the 2017 competition.
Newly released figures on Monday revealed that the City Of San Francisco lost $11.5 million hosting the 34th America’s Cup—double than what was previously estimated.
The return of the America’s Cup to the San Francisco Bay appears to be experiencing some choppy waters with the organizers threatening to pull out and relocate to another city.
The chance to win a third straight America’s Cup with Oracle Team USA was a bigger allure to skipper Jimmy Spithill than taking a big-money offer from a foreign challenger.
Could San Francisco’s chance to host the next America’s Cup be sailing away? That’s what one of the race organizers recently said, indicating that they were looking at other venues like Hawaii and San Diego.
Sailing officials are talking with other venues about hosting the 35th America’s Cup in 2017 because San Francisco officials haven’t offered the same terms as last year.
In a strong sign that the America’s Cup could return to San Francisco in 2017, Mayor Ed Lee has proposed to organizers that the main venue and team bases be centralized on the Embarcadero and that the schedule be more consistent and condensed.
A new report by the Bay Area Council Economic Institute indicates that the City of San Francisco lost money hosting the America’s Cup.
The America’s Cup sailor who perished in a capsizing during a practice run in May died of “blunt trauma with drowning,” according to a San Francisco medical examiner’s report on the case.
Emirates Team New Zealand skipper Dean Barker said “the vultures are already circling” the defeated America’s Cup challenger and that the team will likely fold unless action is taken to secure its future.