As we reported throughout the evening, the city of San Francisco, California will host the 34th America’s Cup in 2013. A press release dated 1JAN was just sent to members of the media, indicating that it will be released to the public tomorrow.
The press release goes into a bit of detail describing the race’s format:
The world-famous San Francisco Bay will be home to the 2013 America’s Cup Finals and the Challenger Selection Series for the Louis Vuitton Cup, as well as an America’s Cup World Series event in 2012. This will be the first time the America’s Cup has been hosted in the United States since 1995.
The release also goes into the economics of the race, estimating a $1.4 billion economic infusion for the San Francisco area.
Independent studies show that the America’s Cup delivers the third largest economic impact in sport to host countries, behind the Olympic Games and soccer’s World Cup. The 34th America’s Cup is projected to pump an estimated $1.4 billion dollars into the San Francisco region.
Racing Winds will have more details later.
Congratulations to the San Francisco Bay Area and the BMW Oracle Racing syndicate!