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SBD/June 11, 2013/Events and Attractions
America's Cup Struggling Before Start With Racing Days Cut, Many Plans Scrapped
Published June 11, 2013
NOT WHAT WAS PROMISED: In S.F., Al Saracevic writes last week's announcement that Artemis Racing, who was involved in the deadly capsize of its first boat last month, "would not be ready to compete" at the start of the Louis Vuitton Cup in July "merely reinforced the notion that this whole endeavor is sailing straight upwind." The boats are "too expensive, too fast and too dangerous." Teams have "dropped out due to the cost and threatened to drop out due to the danger." The "promised economic boon" for S.F. has "yet to materialize." The city will be "lucky to recoup" the estimated $22M owed by event organizers, who are "a bit behind on their payments." The original plans to "refurbish some of the city's decaying docks fell by the wayside long ago, replaced by tents and concerts and lusty neighborhood bickering." America's Cup "needs to right its ship, but quick" (S.F. CHRONICLE, 6/11). Event officials yesterday said that they are "refunding grandstand tickets for races through the Louis Vuitton Cup semifinals due to the uncertainty of when challenger Artemis Racing will be ready to compete." The AP noted the move "leaves only two challengers to race in the early round-robins, Emirates Team New Zealand and Luna Rossa of Italy." America's Cup Event Authority CEO Stephen Barclay said that it is "the right thing to do to refund the tickets and take down the grandstands until Artemis returns" (AP, 6/10).