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Yacht Rock: San Diego "Optimistic" About Chances Of Landing '17 America's Cup
Published June 13, 2014
THE SAN FRANCISCO RETREAT: S.F. is not among the finalists despite hosting the event last year, and the S.F. BUSINESS TIMES' Eric Young noted it was “unclear how badly the America’s Cup wanted to return ... and how badly the city’s officialdom wanted it to come back.” Cup officials, “speaking privately over the past several months, seemed lukewarm to the chances of the event returning to San Francisco Bay.” While the teams “enjoyed competing on bay waters, a major real estate deal that was part of the Cup’s original agreement with the city fell through.” Meanwhile, S.F. officials reported that the America's Cup "spurred only a fraction of the economic impact that was originally estimated” (BIZJOURNALS.com, 6/11).