America’s Cup organizers have netted only a fraction of the funds The City needs this year to plan the massive 2013 yacht race, but officials said as soon as they receive their tax-exempt status, the money will start flowing.
If it doesn’t, San Francisco taxpayers will be on the hook.
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Organizers know the 34th America’s Cup will put the eyes of the yacht racing world on San Francisco, and because of the Bay Area’s topography, the public will have unprecedented views of the international event, which is typically raced farther out at sea. But what about the people in TV land who know little of the arcane sport? Well, it turns out San Francisco organizers are working on that.
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A helipad will take up temporary residence in the Bayview, a pedestrian bridge will be built over The Embarcadero and The City will be on the hook for millions of dollars of work if the America’s Cup sailing race is held in San Francisco.
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URL: http://www.sfexaminer.com/taxonomy/term/41757?quicktabs_1=0&quicktabs_6=0
