SF must sign deal or lose host bid

San Francisco is pushing ahead with a bid to host the America’s Cup sailing race on the northern waterfront despite threats that The City has jeopardized its lead position to host the event.

Billionaire Oracle CEO Larry Ellison’s BMW Oracle Racing team won the cup in Valencia, Spain, in February and with it the right to select who will host the next cup race in 2013.

San Francisco emerged as a leader in the race to host the event in San Francisco Bay, but  America’s Cup official Stephen Barclay warned Saturday that a deal must be signed this week or The City could lose its chance to be the host.

The event has reopened talks with Italy about hosting the event as well as reapproached Newport, R.I. Organizers have set a deadline of Friday for the proposal so it can inform teams of the venue by Dec. 31.

The letter from Barclay indicated that San Francisco officials had changed the agreement they had initially negotiated. The new proposal — which Newsom’s staff said was crafted with the team — includes moving the event to the northern waterfront, which would be less expensive for The City.

The northern waterfront location emerged as the leading option for San Francisco after the Port of San Francisco backed the plan. The Board of Supervisors Budget and Finance Committee last week discussed the option, but put any decision on hold pending a financial study.
<br>The proposal is scheduled to be back before the budget committee today and then before the full board on Tuesday.

Newsom on Sunday said that he is still confident that the current bid is a good deal for both The City and the America’s Cup team.

“We had good conversations yesterday and we will get this through the committee tomorrow and on Tuesday,” Newsom said. “I think it will be overwhelmingly supported and we will meet the deadline.”

esherbert@sfexaminer.com

The Associated Press contributed to this report.

Bay Area NewsGavin NewsomGovernment & PoliticsLocalPoliticsSan Francisco

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

The Ferris wheel at the Golden Gate Park Music Concourse located near de Young Museum and California Academy of the Sciences on Tuesday, Oct. 13, 2020. (Samantha Laurey/Special to S.F Examiner)
Golden Gate Park Ferris wheel wins four-year extension

Despite concerns raised by environmental group and many residents, San Francisco’s 150-foot… Continue reading

(Shutterstock)
Breed: SF receives 3.6K state access codes giving teachers vaccine priority

San Francisco has received its first vaccine priority access codes from the… Continue reading

Charles Joseph, who is represented by the San Francisco Public Defender’s office, is facing deportation to Fiji. <ins>(Courtesy photo)</ins>
Giving immigrants a second chance after incarceration

Legislation would allow some faced with deportation a chance to challenge their old convictions

The San Francisco Police Department released body camera footage of the alleged assault on Dacari Spiers. (Via SFPD Body Cam)
SF police officer to stand trial for assault over baton beating

A San Francisco police officer who prosecutors say unnecessarily beat a man… Continue reading

Mayor London Breed announced The City’s return to the red tier for COVID-19 precautions at Pier 39 on Tuesday<ins>, March 2, 2021</ins>. <ins>(Kevin N. Hume/S.F. Examiner)</ins>
San Francisco enters red COVID tier, indoor dining to resume

Museums and gyms can reopen with capacity limits

Most Read