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America’s Cup May Cost San Francisco More Than Expected

On Thursday, the Legislative Budget Analyst office released a report comparing the costs to the City and County of San Francisco based upon the changes negotiated after the Board of Supervisors approved an initial term sheet on December 14th. As you may recall, negotiations with the BMW Oracle Racing Team carried on through December 31, 2010 when San Francisco was announced as the next host for the America’s Cup boating race in 2013.

The Board of Supervisors Budget Committee is scheduled to discuss the report on Wednesday, March 16th at 11 a.m.

Photo by Jamie Whitaker

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