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San Francisco will host the 2013 America's Cup Yacht Race. The city is developing plans for the world famous race and we'll have updates as news continues to come out.
The 2013 America's Cup, set to take place in San Francisco, has started organizing its event in the Bay Area and working through event details. According to a report by the San Francisco Gate, the city of San Francisco has decided that private yachts will not be allowed to line up along San Francisco's Embarcadero during the event.
The initial plan to build a floating dock in the water for up to 26 spectator vessels has been scrapped in order to allow for a more complete view of the bay. The private yachts will instead be allowed to dock at Piers 9, 14, or 36 on the basin's north side. The city has designated Piers 14 to 22 ½ as spectator areas for the America's Cup.
The city seems pleased with the change as a result of providing a more complete view of the bay. America's Cup 2013 will certainly attract fans from all over the country and city organizers want to portray as accommodating a view of the race as possible for all present.
More planning will continue in the coming months. City coordinators and event coordinators alike hope to secure all of the necessary permits by the end of January.
America's Cup 2013: San Francisco Could Potentially Lose Money By Hosting The Event
The city of San Francisco is set to host the 2013 America's Cup. Although the hosting of the prestigious event carries with it a definite cachet, as well as enticement for additional tourism, the deal does also contain an element of finincial risk.
Chris Roberts of NBC Bay Area reports that the city could stand to lose as much as $22 million on the deal if everything does not go as well as hoped. He notes that attendance was down quite a bit in San Diego in 2011, so the city can not necessarily expect large crowds as a given.
Another aspect of the deal that raises some eyebrows is that America's Cup race officials are already past due on paying the city $12 million of the $32 million that San Francisco is supposed to receive.
Roberts offers a more detailed breakdown of the financial details, but it appears that the city will need everything to go exactly as hoped in order to prevent losing some money on the enterprise.
Feb 12 7:00a by Bill Hanstock