SF Chronicle: Timeline if San Francisco is selected to host the America's Cup
A very interesting article appeared on the San Francisco Chronicle, referring to a draft agreement between the city and BMW Oracle about the 34th America's Cup. One of the key points of this agreement, of copy of which was obtained by the Chronicle, is the promise by the city to raise "at least US$ 270 million from businesses and other sponsors if the city is picked to host the next America's Cup".
There are also several other points, some minor, in the agreement but what is of interest is the proposed timeline for the 34th America's Cup if San Francisco is finally selected as the venue. If the timeline is correct, time is by far the most precious commodity for the challengers since a mere two years and a half will separate us from the America's Cup match.
Timeline if San Francisco is selected to host the America's Cup
October 2010 - October 2011: Complete studies and documentation for environmental review and permitting for the cup. During the same period, the Port of San Francisco and BMW Oracle Racing's business arm will finalize the terms of a 66-year or longer lease for waterfront properties. The lease will allow for America's Cup events and long term development rights on Piers 30-32, Pier 50 and sea wall lot 330.
Date unknown, 2011: Pre-regatta race that will use Pier 80 and possibly other facilities.
November 2011: Present long-term lease, environmental review documentation and permits for approval.
December 2011 - December 2012: Complete infrastructure improvements, including $150 million in repair work for piers.
Date unknown, 2012: Pre-regatta race that will use Pier 80 and possibly other facilities.
Spring 2013: America's Cup is held.