San Francisco Giants, America’s Cup tussle over piers
[Source: San Francisco Chronicle] Lt. Gov.-elect Gavin Newsom, who wants a deal to bring the America’s Cup regatta to San Francisco in place before he leaves his job as mayor in January, plans to introduce a binding agreement between the city and race organizers at the Board of Supervisors on Tuesday.
But this deal isn’t going to please the Giants.
The world-famous yachting race needs space and piers to build boats and show them off to the public. The first proposal was to center the operations at Piers 48-50, which need costly infrastructure work. In exchange for paying to shore up the piers, the city would give up the long-term leasing rights for the site.
The Giants complained that might interfere with their plans to build in the area, a development that could include a new basketball arena or concert hall.
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