Let’s start out with a premise that even Larry Ellison’s minions have come to accept: The race is happening here. Too late now to move it to another city. Worst-case scenario, according to Stephen Barclay, the point person for the world’s sixth-richest man: "If we don't meet those dates, the teams will be forced to relocate to other places around the bay." Read more »
EDITORIAL San Francisco's not going to lose the America's Cup. Oracle CEO and yachting billionaire Larry Ellison is too excited about the prospect of bringing the sport (and his company's logo on the sail of his boat) to a mass audience for the first time in history that he's not about to abandon San Francisco Bay. The process is too far along; that much is a done deal.Read more »
EDITORIAL San Francisco's not going to lose the America's Cup. Oracle CEO and yachting billionaire Larry Ellison is too excited about the prospect of bringing the sport (and his company's logo on the sail of his boat) to a mass audience for the first time in history that he's not about to abandon San Francisco Bay. The process is too far along; that much is a done deal.
But the development agreements for the city's waterfront is not a done deal at all — in fact, the proposal could wind up giving Ellison effective control over five piers and a valuable waterfront lot that he could develop for condos. And the city won't get anywhere near enough out of the deal.
The development agreement is really just a sideshow in the cup planning; nobody's arguing that Ellison's America's Cup Event Authority will need space to stage the race, and that will require the renovation of some waterfront property. And nobody disputes that the event will bring tourism and revenue to the city, which will offset some of the cost of allowing Ellison rights to the waterfront. Read more »
OPINION I'm not much of a sailor. In fact, I've been known to turn more than a little green when venturing out on the bay under sail. So it may seem a little odd that I am excited about the America's Cup regatta coming to San Francisco. This high-profile international yacht race has the potential to accomplish even more impressive feats on land than on water, ultimately leaving a legacy of safer streets and more accessible neighborhoods.Read more »
I've been wondering for months now how all of the rich people who come into San Francisco for the America's Cup are going to get around. The event plans call for the Embarcadero to be closed during the festivities, which means no cars. The F-line is nice, but slow — and even with new trains, has limited capacity. And I don't expect to see a lot of the millionaire yachting types riding the bus with us commoners.Read more »
It's a mad dash at San Francisco City Hall to put all the pieces together in preparation for the America's Cup, the prestigious regatta that will culminate in the summer of 2013 along the city's northern waterfront. But once that spectacle is over, the biggest impact of the event will be a massive, lasting, and quite lucrative transformation of the city's waterfront by a few powerful players, a deal that has been modified significantly since it was approved by the Board of Supervisors.Read more »
The prospect of San Francisco turning into an international enclave for billionaires and their custom-built super yachts in 2013 is either electrifying or nauseating, depending on one’s perspective. If San Francisco is selected as the venue for the 34th America’s Cup, the city’s downtown would be transformed into the “America’s Cup Village” during the prestigious match, and placed at the center of an international media spectacle. Read more »