San Francisco is one of four finalist cities being considered for a U.S. bid to host the Olympic Games.
Mayor Ed Lee received a letter late Tuesday night, informing him that San Francisco is not one of the three finalists to host the event in 2017.
The reality seems to be setting in that the cost for San Francisco’s bid alone would be prohibitive – not to mention what it would cost to hire sufficient security and transit.
The San Francisco Board of Supervisors budget and finance committee Wednesday considered an alternative proposal to site the 2013 America’s Cup sailing race along the city’s northern waterfront, but postponed a decision until next week.
The so-called host city agreement has been sent to the San Francisco Board of Supervisors for approval, with an estimated $150 million price tag for renovations to the port and piers.