half is close, isn’t it?

AC Dope

We are wondering what the AC folks haven’t been wrong about so far…

When city officials and Larry Ellison were originally touting the amazing and marvelous economic impacts that would come to S.F. from hosting the America’s Cup, it seems that they, and their consultants, were a bit overly optimistic. A new study by the same firm that did the original economic impact projection three years ago has concluded that the upcoming America’s Cup races will bring $780 million into the local economy, down from the earlier projected $1.4 billion. Thanks to SFist – read on.