Comments (1)<\/a><\/p>\n San Francisco has won the hard-fought bid<\/a> to host sailing\u2019s most prestigious race, the America\u2019s Cup<\/a>, the yacht race organizers have announced.<\/p>\n The announcement that San Francisco \u2018s proposal topped other interested locations, such as Rhode Island<\/a> and Italy, came after months of negotiations\u00a0 that included debates over tax breaks, land rights and the future development of San Francisco\u2019s piers.<\/p>\n Billionaire Larry Ellison<\/a>\u2019s team, BMW-Oracle Racing<\/a> which is based at the Golden Gate Yacht Club, won the last America\u2019s Cup race in February.\u00a0 With the cup came\u00a0 the right to determine all of the specifics for the next race, expected to be held in 2013,\u00a0 including the location.<\/p>\n Though race organizers had been in discussions recently with Rhode Island over an alternate, it became increasingly clear in recent days that San Francisco would win the opportunity to host, as Rhode Island officials said they would not be able to endorse a bid in time for the team\u2019s self-imposed Dec. 31 deadline.<\/p>\n The race could draw hundreds of thousands of people to the Bay Area to watch the international race, which lays claim to the oldest trophy in modern sports. Some economic analyses have estimated the race could bring the Bay Area over $1 billion in tourism and team-related money.<\/p>\n Mayor Gavin Newsom, whose staff worked through the winter holidays to negotiate the final details of the bid, said the selection represents a \u201ctremendous opportunity to showcase sailing in the magnificent amphitheater of San Francisco Bay.\u201d<\/p>\n \u201cThe selection of San Francisco today to host the 34th<\/sup> America\u2019s Cup marks the beginning of an extraordinary new chapter for our city and for the sport of sailing,\u201d he said in an emailed statement.<\/p>\n Though sources close to the negotiations had confirmed to the San Francisco Examiner that the bid was a done deal early in the day, America\u2019s Cup officials waited until late afternoon on New Years Eve to break the news officially.<\/p>\n \u201cWe sought a venue that fulfills our promise \u2013 to showcase the best sailors in the world competing on the fastest boats,\u201d said Richard Worth, Chairman of America\u2019s Cup Event Authority in an emailed statement. \u201cAnd hosting the America\u2019s Cup in San Francisco will realize that promise.\u201c<\/p>\n The deal to bring the cup to San Francisco will likely make Ellison an even richer man, as The City has offered his team long-term development rights to acres of waterfront property, in exchange for bringing the race to the San Francisco Bay. Though Ellision\u2019s team must make an initial investment into the waterfront, The City will pay that investment back in the form of free rent for decades.<\/p>\n San Francisco has also offered Ellison millions in city services to support the 2013 race.<\/p>\n kworth@sfexaminer.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The announcement came a short time ago from the Golden Gate Yacht Club; San Francisco will host the next America’s Cup. Wishing one and all a safe, happy and healthy new year America’s Cup organizers confirm San Francisco has won bid for race Comments (1) San Francisco has won the hard-fought bid to host sailing\u2019s … Continue reading IT’S SAN FRANCISCO<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[576,2391],"class_list":["post-1033","post","type-post","status-publish","format-standard","hentry","category-americas-cup","tag-new-year","tag-san-francisco"],"_links":{"self":[{"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/posts\/1033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1033"}],"version-history":[{"count":2,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/posts\/1033\/revisions"}],"predecessor-version":[{"id":1035,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/posts\/1033\/revisions\/1035"}],"wp:attachment":[{"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}San Francisco has won the hard-fought bid to host sailing\u2019s most prestigious race, the America\u2019s Cup, the yacht race organizers have announced. (Getty Images file photo)<\/a><\/p>\n
![San Francisco has won the hard-fought bid to host sailing\u2019s most prestigious race, the America\u2019s Cup, the yacht race organizers have announced. (Getty Images file photo)<\/a><\/p>\nSan Francisco has won the hard-fought bid<\/a> to host sailing\u2019s most prestigious race, the America\u2019s Cup<\/a>, the yacht race organizers have announced.<\/p>\nThe announcement that San Francisco \u2018s proposal topped other interested locations, such as Rhode Island<\/a> and Italy, came after months of negotiations\u00a0 that included debates over tax breaks, land rights and the future development of San Francisco\u2019s piers.<\/p>\nBillionaire Larry Ellison<\/a>\u2019s team, BMW-Oracle Racing<\/a> which is based at the Golden Gate Yacht Club, won the last America\u2019s Cup race in February.\u00a0 With the cup came\u00a0 the right to determine all of the specifics for the next race, expected to be held in 2013,\u00a0 including the location.<\/p>\nThough race organizers had been in discussions recently with Rhode Island over an alternate, it became increasingly clear in recent days that San Francisco would win the opportunity to host, as Rhode Island officials said they would not be able to endorse a bid in time for the team\u2019s self-imposed Dec. 31 deadline.<\/p>\nThe race could draw hundreds of thousands of people to the Bay Area to watch the international race, which lays claim to the oldest trophy in modern sports. Some economic analyses have estimated the race could bring the Bay Area over $1 billion in tourism and team-related money.<\/p>\nMayor Gavin Newsom, whose staff worked through the winter holidays to negotiate the final details of the bid, said the selection represents a \u201ctremendous opportunity to showcase sailing in the magnificent amphitheater of San Francisco Bay.\u201d<\/p>\n\u201cThe selection of San Francisco today to host the 34th<\/sup> America\u2019s Cup marks the beginning of an extraordinary new chapter for our city and for the sport of sailing,\u201d he said in an emailed statement.<\/p>\nThough sources close to the negotiations had confirmed to the San Francisco Examiner that the bid was a done deal early in the day, America\u2019s Cup officials waited until late afternoon on New Years Eve to break the news officially.<\/p>\n\u201cWe sought a venue that fulfills our promise \u2013 to showcase the best sailors in the world competing on the fastest boats,\u201d said Richard Worth, Chairman of America\u2019s Cup Event Authority in an emailed statement. \u201cAnd hosting the America\u2019s Cup in San Francisco will realize that promise.\u201c<\/p>\nThe deal to bring the cup to San Francisco will likely make Ellison an even richer man, as The City has offered his team long-term development rights to acres of waterfront property, in exchange for bringing the race to the San Francisco Bay. Though Ellision\u2019s team must make an initial investment into the waterfront, The City will pay that investment back in the form of free rent for decades.<\/p>\nSan Francisco has also offered Ellison millions in city services to support the 2013 race.<\/p>\nkworth@sfexaminer.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The announcement came a short time ago from the Golden Gate Yacht Club; San Francisco will host the next America’s Cup. Wishing one and all a safe, happy and healthy new year America’s Cup organizers confirm San Francisco has won bid for race Comments (1) San Francisco has won the hard-fought bid to host sailing\u2019s … Continue reading IT’S SAN FRANCISCO<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[576,2391],"class_list":["post-1033","post","type-post","status-publish","format-standard","hentry","category-americas-cup","tag-new-year","tag-san-francisco"],"_links":{"self":[{"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/posts\/1033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1033"}],"version-history":[{"count":2,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/posts\/1033\/revisions"}],"predecessor-version":[{"id":1035,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=\/wp\/v2\/posts\/1033\/revisions\/1035"}],"wp:attachment":[{"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stephenlirakis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/www.sfexaminer.com\/files\/blog_images\/AMERICAS%20CUP2.jpg\"){kind=link}