Although the America’s Cup is nearly two years away, San Francisco Mayor Ed Lee has created a committee of city officials to help coordinate the city’s efforts, as San Francisco is set to host the race in 2013.
Lee said hosting the America’s Cup will have the economic magnitude “of several World Series events, several Super Bowls put together, strung together for a period of time.”
City officials expect the race to inject $1.4 billion into local and regional economies and help to create about 9,000 new jobs.
Event organizers and race groups are already making preparations, although the city still has to finalize regulatory and land use approvals, work out event logistics and public transportation, begin promoting local businesses and do community outreach in affected neighborhoods.
Thought the exact race route has yet to be determined, competitors will sail from the start line at Pier 27, circle around Alcatraz, travel past Sausalito and the Golden Gate Bridge and return to the finish line at Pier 27.
San Francisco Supervisor Ross Mirkarimi said there are still some details to work out and that the Board of Supervisors will hold a hearing on the issue of what to do with the displacement and possible relocation of businesses along the affected piers.
Oracle CEO Larry Ellison’s BMW Oracle Racing team won the America’s Cup in 2010 and after months of consideration, the team announced San Francisco as the host city for the next race.
Photo Credit:By Pedro de Arechavaleta, via Wikimedia Commons