The Telegraph Hill dwellers have — once again — chimed in on a City Hall debate. The politically influential neighborhood group has weighed in on whether San Francisco should host the America's Cup, and the answer is yes.
The neighborhood group fired off a letter to Supervisor David Chiu proclaiming their support for the latest alternative that's been floating around City Hall — which is to shift the event to the Northern Waterfront area. Last week, The Port released documents with a northern waterfront alternative that would cost The City significantly less: $15 million rather than the current $42 million plan on the table.
A recent report released by Harvey Rose, San Francisco's budget analyst, showed that the current host agreement between The City and the America's Cup team could eventually cost San Francisco well up to $128 million. This gave city supervisors some pause, and it seems neighbors aren't too giddy about this cost either.
“THD shares the serious concerns recently raised by City Budget Analyst Harvey Rose about the financial costs to taxpayers of the proposed deal and unnecessary giveaways of public land. However, we are hopeful that the America's Cup will make it to San Francisco's northeastern waterfront,” Vedica Puri, president of the Telegraph Hill Dwellers wrote in the letter. “THD strongly supports the concept of bringing the America's Cup to San Francisco's northeastern waterfront so that our historic piers can be used by the public to view the event free of charge.”