The decision on whether San Francisco will hold the next America’s Cup is now in race organizers’ hands. The Board of Supervisors voted unanimously Tuesday to approve a bid put forward by Mayor Gavin Newsom for hosting sailing’s premier regatta in 2013.
Within two hours, Newsom signed the approved bid flanked by supervisors and other civic leaders in a rare show of unanimity, and the documents were to be sent to race organizers in advance of a Friday deadline the city faced.
"I have rarely been part of something that brought more people of more diverse backgrounds together," Newsom said. "There’s just a tremendous amount of spirit and pride around being able to compete on a world stage."
Even Supervisor Chris Daly, who denounced an early version of the deal as a public giveaway to one of the world’s richest men – Oracle CEO Larry Ellison – voted yes after analyses showed the revised proposal would be a long-term moneymaker for the city. Read more: