Tuesday, September 28, 2010

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.

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At 2:19 AM, Anonymous Anonymous said...

given the health of the Cali. economy, good luck w. that one...

At 12:25 PM, Anonymous Najam Jahti said...

Well it is possible to raise such money, after all sailing atracts wealthy customers

At 3:04 PM, Anonymous Anonymous said...

Interesting that the full article talks about SF giving a 66 year plus lease on the venue footprint. Will the benefit of this go to the AC trust or is it carved out under article 1 section tt (Revenue) of the Protocol?

At 6:54 PM, Anonymous Anonymous said...

you bet! carved out! Welcome to the world of thieves.
This said, it is a big investment and a big risk beyond the cup.

At 2:32 AM, Blogger WetHog said...


So no profit was put into anyone's pockets from the revenue generated from the building of the Darsena in Valencia?

At 11:11 AM, Anonymous Anonymous said...

Good to see wethose back again. We missed you.

At 11:54 PM, Anonymous Anonymous said...

What profit wethog? Over 300 millions have Ben spent to offer free of charge bases to challengers. And whatever money has been indirectly generated (restaurants, etc.) was part of the distributed profit. So go backnto your doghouse fathog.

At 10:42 AM, Anonymous Anonymous said...

FatHog HHHaaaahahahahah

At 11:52 AM, Anonymous Anonymous said...

I think who ever it is that keeps picking on poor old wethog should stop now.

At 1:32 PM, Blogger WetHog said...


So you are saying whatever profits the Darcena generated the city of Valencia went to bribe the teams? Oh that's right I forgot about the bribes. That has been talked about already when SF was announced as a possible defense site. A lot of concered "professional" AC sailors came on here bitching about the loss of there fabulous tax breaks from Valencia if the Cup went to SF.

And BMWO is the one accussed of cheating and being a theif. lol


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