San Francisco Confirms Commitment to Hosting The 34th America’s Cup. 3

The Mayor of San Francisco, Gavin Newsom has welcomed the announcement by BMW ORACLE that the Californian city is now the sole U.S. venue in contention to host the 34th America’s Cup.

Since the Golden Gate Yacht Club won the right to defend the cup in February, the City has been preparing a proposal to host the event utilizing assets along the southern waterfront, and seeking early support from key local stakeholders. The announcement allows the City to leverage national resources and make this a coast-to-coast campaign.

Mayor Newsom said:

“The San Francisco Bay Area is blessed with physical assets that are unmatched anywhere in the world. This announcement allows us to leverage resources throughout the country to ensure that 34th America’s Cup is defended in America.”

San Francisco Bay does form a natural amphitheatre – unlike some previous cups, where racing was held far offshore and viewable only by spectators in boats. San Francisco has a compelling case that from the public shoreline, including Marina Green, Crissy Field, to the Marin headlands, Angel Island, Alcatraz and Fisherman’s Wharf, to its skyscrapers, the viewing platforms are unlimited. This combined with the City’s existing hotel, restaurant and cultural infrastructure, makes San Francisco the world class city it is and an ideal host for the America’s Cup.

Hosting major events is sometimes a game where the rich get richer and the poor get poorer. Once a city has built the physical and social infrastructure to host a major event, it can leverage those assets to attract more. San Francisco has extensive recent experience in hosting major international sporting events, including the 2008 Beijing Olympic Torch Relay, Major League Baseball All Star Game, PGA Tour President’s Cup, and the AMGEN Tour of California.

The Bay Area is also famously home to some of America’s and the World’s most innovative and successful technology companies. This helps to support Larry Ellison’s vision for incorporation of new technologies and media into the America’s Cup.

To advance the City’s campaign the Mayor has commissioned an economic impact study that will be released next week that will illustrate the significant financial benefits to the local, state and federal economies should San Francisco secure the host city rights. The Mayor is also forming a national America’s Cup Organizing Committee (ACOC) to marshal the private and corporate support necessary to win the campaign.

Additionally, the City has already secured significant local support including resolutions, adopted unanimously from: the San Francisco Board of Supervisors, the Port Commission, the Bay Conservation and Development Commission, and the Recreation and Parks Commission, as well as letters of support from the Golden Gate National Recreation Area, Metropolitan Transportation Commission, Water Emergency Transportation Agency, San Francisco Bar Pilots Association, Port of Oakland, the San Francisco Convention and Visitor’s Bureau, and San Francisco Airport, among others.

The City and its partners are eager to work with Golden Gate Yacht Club and the BMW ORACLE Racing team to finalize the proposed racing facilities on the land and water. Working with the State and federal governments the City will secure the necessary approvals and commitments to meet the team’s stated deadline of selecting the 34th America’s Cup venue by the end of 2010.

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