Posts Tagged ‘spain’

OMG OMG! The Sainted Wall Street Journal is Covering the America’s Cup Already! Read and Learn from Sarah Tilton

Wednesday, April 25th, 2012

LEAVE US BEGIN, LET’S HEAR FROM THE WALL STREET JOURNAL ONLINE!

“SAN FRANCISCO—As this city gears up for the 34th America’s Cup next year, a race of a different kind has already begun: one to snag the best views of the sailing regatta.”

UH, REALLY? NO, I DON’T THINK SO. ISN’T THE “RACE OF A DIFFERENT KIND” INVOLVING THE AMERICA’S CUP ACTUALLY THE RACE FOR TEAMS, YOU KNOW, FROM SPAIN AND ITALY AND FRANCE, TO GET OUT OF COMMITMENTS TO PARTICIPATE IN THE AMERICA’S CUP? YES. TEAMS BE REFUSING TO ENTER EVEN AT THE HIGHLY REDUCED 80-SOMETHING PERCENT OFF ENTRY FEE. HAVEN’T YOU HEARD YET, SARAH? THE NEWFANGLED BOATS ARE TOO BIG. AND DO YOU KNOW WHO SAYS THAT? LARRY FUCKING ELLISON HISSELF, RECENTLY, IN THE ONLINE PAGES OF, WAIT FOR IT, THE WSJ ITSELF.* DON’T YOU READ YOUR OWN PUBLICATION? DON’T YOU KNOW THAT AC34 IS SHAPING UP TO BE A KIND OF SLOW-MOTION DISASTER?

Peter Jacobsen, a semiretired dentist from Yountville, Calif., isn’t taking any chances when it comes to ensuring a view of the America’s Cup racecourse on San Francisco Bay. Dr. Jacobsen and his wife, Gwendolyn, last year paid $158,000 for a fractional interest in a one-bedroom unit at a ritzy condo development right by San Francisco’s waterfront.

IRL, NOBODY CARES ABOUT RETIRED NORTH BAY DENTISTS ET UXESES EXCEPT NORTH BAY DENTISTS. AND WHAT’S A FRACTIONAL INTEREST IRL? ISN’T THAT JUST A TIME-SHARE?

The deal guarantees just 35 nights a year at the property—but importantly, a Bay-view unit for two weeks during the America’s Cup finals scheduled for September 2013.

FASCINATING! OH, BUT NOBODY CARES ABOUT THE AMERICA’S CUP, RIGHT? THEY JUST HAD A WARM-UP RACE DOWN IN FUN DIEGO – IT WAS A BIG DISASTER BECAUSE NOBODY CARED. AC PEOPLE GOT FIRED OVER THAT ONE. AND LAID-OFF TOO. MOST OF THEM, ACTUALLY. HAVEN’T YOU HEARD? OH, AND SARAH, “A BAY-VIEW UNIT” MEANS SOMETHING DIFFERENT IN THE 415, YOU KNOW, COMPARED WITH WHAT IT MEANS IN OTHER PARTS OF THE WORLD.

The Jacobsens shelled out the six-figure sum even though they already own another fractional interest at the property that they bought for $182,000 in 2009. But that unit doesn’t have a guaranteed view, and with the regatta approaching, “we needed more time and it was an opportunity to lock in the perfect view,” says Dr. Jacobsen, 67 years old.

YEAH, “YOU GOT TO LOCK THAT DOWN!” SO, OLD WHITE PEOPLE ARE GOING TO SIT IN THEIR APARTMENTS AND WATCH THE BOAT RACE FROM MILES AWAY? REALLY? IS THAT WORTH SPENDING YOUR KIDS’ INHERITANCES?

More than a year before the event, sailing fans are scouting out prime vistas for the America’s Cup. The chase for best perch has inspired a real-estate scramble, with some agents setting up shop specifically to locate rooms with a view for elite clients.

WELL, CERTAIN REAL ESTATE AGENTS WOULD LIKE US TO BELIEVE THAT THERE’S A “CHASE” AND A “SCRAMBLE.” THESE HOUSING PARASITES LIE TO REPORTERS LIKE YOU TO TRY TO MAKE MORE MONEY ON DEALS. DON’T YOU KNOW THAT?  AND YOU SAY REAL ESTATE AGENTS HAVE OPENED UP OFFICES JUST FOR THE AC? I DON’T BELIEVE THAT BUT WHATEVER. AND OH, RETIRED NORTH BAY DENTISTS ET UXES AREN’T “ELITE” ANYTHING.

Rental prices for the America’s Cup are already soaring.

OMG OMG OMG! ALREADY? ALMOST AS IF THE AC ISN’T A BIG DISASTER. ALREADY.

Landlords are dangling options such as a $60,000-a-month rent for a home in the posh Pacific Heights neighborhood during the race. Although results remain to be seen, agents say prices could go as high as $100,000 a week during the finals.

RESULTS REMAIN TO BE SEEN? REALLY? MORE THAN A YEAR OUT? WOW, THANKS FOR THAT TIDBIT, SARAH TILTON! WHAT DO YOU WITH YOUR LIFE WHEN YOU’RE NOT SHILLING FOR REAL ESTATE INTERESTS?

“It will be a real land-grab for the good stuff,” says Rick Teed of Sotheby’s International Realty.

RICK TEED? YOU MEAN THIS UBER-CHEESY ASSHOLE RECENTLY SEEN ON THE BACKS OF MUNI BUSES?

Click to expand

I THINK YOU DO!

The anticipated demand for a race view stems partly from the relative rarity of the America’s Cup taking place in America. The race hasn’t been held in the U.S. since 1995, and in recent years has taken place off the coast of New Zealand and Spain. (The race was named by the New York Yacht Club after the schooner America, which beat the British in a race in 1851.)

WOW THANKS FOR THE HISTORY LESSON, SARAH. BUT MOST OF THAT HERITAGE RECENTLY GOT FLUSHED DOWN THE TOILET BY ONE LARRY ELLISON. HEY SARAH, WHY DON’T YOU READ THE COMMENTS PEOPLE HAVE POSTED ‘NEATH YOUR ROSY ARTICLE? WHY DO THEY HAVE A MORE REALISTIC PERSPECTIVE THAN YOU?

The Cup has never been held in San Francisco Bay, which race officials describe as a “natural amphitheater”—as opposed to the open ocean where the regatta usually takes place. That means some prime views of the event can be had from land this time rather than from the decks of spectator boats.

BUT, NOBODY CARES ABOUT THE AMERICA’S CUP ANYMORE. SEE? THAT’S THE PROBLEM.

The race is coming to San Francisco through the efforts of Oracle Corp. ORCL +0.24% founder and chief executive Larry Ellison, whose yacht and sailing team won the 2010 America’s Cup in Valencia, Spain. The winner of the race, which is typically held every three to four years, decides where the next competition will take place. The billionaire also owns a home in San Francisco with first-class views of the Bay.

BUT, NOBODY CARES ABOUT THE AMERICA’S CUP ANYMORE. SEE? THAT’S THE PROBLEM.

But Mr. Ellison may have an even better seat than that for the regatta. An America’s Cup spokeswoman says Mr. Ellison will be on board Oracle Racing’s boat during the races. Through a representative, Mr. Ellison, 67, declined to comment.

BUT, NOBODY CARES ABOUT THE AMERICA’S CUP ANYMORE. SEE? THAT’S THE PROBLEM.

The Cup itself, a sterling silver trophy that gets its own seat on airplanes, comes in a custom Louis Vuitton case and always travels with a companion, the Cup spokeswoman says. It is kept in a secret location when not on tour, she says, but will be displayed during the race in San Francisco.

BUT, NOBODY CARES ABOUT THE AMERICA’S CUP ANYMORE. SEE? THAT’S THE PROBLEM.

The heady rental numbers are spurring some homeowners to try renting their home for the first time. Marjorie and Larry Schlenoff listed their 3,162-square-foot four-bedroom San Francisco home, which they have lived in since 1999, for $35,000 a month for a long-term lease encompassing the Cup period. For shorter stays around the time of the Cup, the price is higher: $15,000 a week, says Mrs. Schlenoff.

MORE DETAILS! WE DEMAND MORE DETAILS. IS SHE GOING TO SAY, “ASK ME ABOUT MY GRANDCHILDREN” NEXT?

“We’ve never rented our house,” says Mrs. Schlenoff, a psychoanalyst and nonprofit founder. But with the home’s vistas and location near San Francisco’s Golden Gate Yacht Club, she says she and her husband see the regatta as a unique opportunity and the house as a “business asset.”

HOLD ON, I’M GETTING SO EXCITED FROM THIS NEWS NUGGET THAT I’M HAVING A MILD HEART ATTACK. HOLD ON WHILE I GO TO THE ER.

She listed her home through rental agency ReLISTO, which has multiple homes available for the Cup, including a $3,500-a-month studio with no views to $60,000 a month for a 5,000-square-foot Pacific Heights house with panoramic Bay views.

WHEW, THAT WAS A CLOSE ONE. I’M MEDICATED NOW AND MY DOCTOR SAYS THAT I SHOULD STOP READING THE FUCKING ONLINE WSJ BECAUSE I GET TOO EXCITED. BUT I GOTS TO HAVE MORE DETAILS!

Charlie Martin, a real-estate agent in Sausalito, Calif., launched a group called RezLux in February specializing in Cup rentals. In addition to real-estate needs, he says he will also provide personal chefs and concierge services for the race. So far, he has handled calls from potential clients in England, Japan and New Zealand. “We’re starting to book,” he says.

OMG, MORE WHITE PEOPLE! THE AMERICAS CUP IS FILLED TO THE BRIM WITH WHITE PEOPLE! HURRAY! HURRAY FOR WHITE PEOPLE!

Some homeowners say there is no way they will rent their home during the Cup because they want the panoramas for themselves. Venture capitalist and America’s Cup Organizing Committee member Tom Perkins, who owns a 60th-floor penthouse in San Francisco, will be watching the Cup from there.

HE’S WHITE TOO, RIGHT? WHITE PEOPLE, WHITE PEOPLE, WHITE PEOPLE, WHITE PEOPLE! BUT AT LEAST HE’S NOT OLD, RIGHT?

“It’ll be just about the best place to watch,” says Mr. Perkins, 80, adding that he plans to have “lots and lots of people over.” Mr. Perkins, who once owned one of the world’s most expensive yachts, dubbed the Maltese Falcon, says he has several pairs of binoculars and a World War II telescope ready for the festivities.

OH, HE IS OLD AFTER ALL. ACTUALLY OLDER THAN HIS “World War II telescope,” WHATEVER THE HELL THAT IS.

Others are plotting a cheaper course to view the regatta. Sean Randolph, president of the Bay Area Council Economic Institute, says he plans to watch the Cup from a kayak in a buffer zone that will be created on San Francisco Bay for nonmotorized boats. While Mr. Randolph’s home in Marin County, north of San Francisco, has a view of the Bay, it doesn’t overlook the Cup’s racecourse, and he doesn’t want to shell out thousands of dollars to rent a property.

OH, DUDE’S FROM THE BAY AREA COUNCIL ECONOMIC INSTITUTE? THAT’S THE SO-CALLED “INDEPENDENT AUTHORITY” WHAT SAID HOW GREAT THE AMERICA’S CUP WAS GOING TO BE. BUT THAT TURNED OUT TO BE A LIE, RIGHT? BUT THAT’S NO REASON TO QUESTION THE ENTIRE PROCESS, IS IT, SARAH?

“In a kayak, you’re sort of participating because you’re on the water and you’re a little closer” to the action than on land, he says.

YES, BEING IN A KAYAK IS SORT OF LIKE PARTICIPATING IN THE AMERICA’S CUP. OF COURSE. SORT OF.

For John Kostecki, a sailor on the Oracle sailing team, the best views of the race are free. In particular, he recommends a stretch of waterfront near the Marina Green, where spectators can get close enough to hear sailors’ conversations. “It’s quite deep and the boats can come quite close,” he says.

OH, ARE WE DONE? IS THAT IT? WE SORT OF TRAILED OFF THERE. WELL, ANYWAY, LET’S PUT THIS ON PAGE A1.

I DON’T KNOW, MAN. IF THE AMERICA’S CUP IS MAKING SO MUCH MONEY FOR SO MANY PEOPLE, WHY ARE THE CITIZENS OF SAN FRANCISCO BEING FORCED TO SUBSIDIZE IT? WHY ARE THE POWERS THAT BE TAKING MONEY FROM NON-MILLIONAIRE NON-WHITE PEOPLE AND USING IT TO PAY FOR THE “FUN” AND “EXCITEMENT” OF MILLIONAIRE WHITE PEOPLE? THE CROWD AND REVENUE ESTIMATES ARE STILL WAY, WAY, WAY OPTIMISTIC AND THEY’RE BASED ON HAVING A BUNCH OF TEAMS SPENDING A BUNCH OF MONEY IN TOWN ONE TO TWO YEARS OUT. IN ACTUALITY, THE BOATS ARE WAY TOO BIG FOR THE BAY AND WAY TOO BIG FOR POTENTIAL TEAMS.

THIS THING IS GOING TO END UP BEING LIKE A FLEET WEEK, EXCEPT THE US NAVY DOESN’T THINK IT’S REASONABLE TO DEMAND NINE-FIGURES TO PROMOTE ITSELF.

BUT IT’S NOT TOO LATE FOR DEADBEAT LARRY ELLISON TO STEP UP AND SIMPLY PAY US FOR THE RIGHT TO RUN HIS BOAT RACE HERE.

IT’S NOT TOO LATE, LARRY! AND THEN YOU CAN TURN YOUR BUMMER OF A RACE INTO AN ACTUAL REBUILDING YEAR AND THEN YOU CAN LOOK FORWARD TO 2016 AND, THEREBY, HAVE SOME MORE FUN BEFORE YOU DIE (OF THAT DISEASE WHAT YOU HAVE WHAT’S A SECRET). OTHERWISE, THE ONLY PEOPLE WHO’LL BENEFIT FROM YOUR FALSE GENEROSITY WILL BE REAL ESTATE TYPES AND LAZY, SIMPLE-MINDED, CHEERLEADING, WSJ-ONLINE REPORTER TYPES…

*“I think it’s a really good idea to get the cost of fielding a team way down so you can have a lot more countries [and athletes] participating,” Ellison said.

“Me Dancing” by Principal Dancer Maria Kochetkova – Plus, International Auditions for Ballet School Summer Session 2012

Monday, November 14th, 2011

World-famous ballerina Maria Kochetkova is down in Mexico City these days, but she’ll be back to our world-class San Francisco Ballet for the 2012 Season soon enough.

This one is simply entitled, “Me Dancing.”

Via balletrusse

Hey, speaking of ballet, here’s a recent announcement about why you always see gaggles of ballet students congregating around Civic Center every summer:

SAN FRANCISCO BALLET SCHOOL ANNOUNCES - NATIONAL AND INTERNATIONAL AUDITION TOURS

SAN FRANCISCO –San Francisco Ballet School, the official school of San Francisco Ballet, has announced the schedule for its first-ever International Audition Tour. The School has also announced the dates for its 2012 National Audition Tour. Over the course of three months, hundreds of teenage girls and boys from across Europe and the U.S. will audition for an invitation to attend one of two Summer Sessions offered by San Francisco Ballet School. These include Program 1, a three-week program for intermediate students, and Program 2, a four-week program designed for advanced and pre-professional students. Program 1 will be held this summer from June 11–29; Program 2 will be held July 9–August 3.

The 2012 International Audition Tour is scheduled to visit 4 European cities: London; Madrid; Marseille, France and Florence, Italy. These auditions will be held for advanced and pre-professional students, only.

The 2012 National Audition Tour is scheduled to visit 11 U.S. cities: Boca Raton, FL; Boston; Chicago; Dallas/Ft. Worth; Irvine, CA; New York; San Francisco; Santa Monica, CA; Seattle; Washington, D.C. and Winston-Salem, NC.

“There are many talented young dancers throughout Europe who are well-suited to participate in our training programs,” said Lola de Avila, associate director of the San Francisco Ballet School. “For the first time ever, San Francisco Ballet School is thrilled to hold international auditions, offering prospective students the chance to receive the highest-caliber training.”

Nearly 1,500 intermediate and advanced-level students are expected to audition on the tour, vying for approximately 125 positions for each of the School’s Summer Session programs. The Summer Sessions will include intensive classes in classical ballet technique, pointe work, batterie, dance history, repertoire, character, and Pilates. Students must attend a Summer Session in order to be considered for admittance to the School’s regular school year program.

About San Francisco Ballet School
San Francisco Ballet School, the country’s oldest classical academy, is directed by San Francisco Ballet Artistic Director and Choreographer Helgi Tomasson and Associate Director Lola de Avila. Now, over 75 years after its founding, the School boasts a distinguished international staff, a Trainee Program for advanced-level students, a dedicated student residence, and an extensive scholarship program. San Francisco Ballet School attracts students from around the world, training approximately 350 annually. In addition to filling the ranks of San Francisco Ballet, graduates have gone on to join distinguished ballet companies throughout the world.

For more information on San Francisco Ballet School’s Summer Sessions, visit: www.sfballet.org/school/summer_session.

“The Hula Show 2011″ at Palace of Fine Arts, Oct. 15-23: Patrick Makuakāne, Dance Troupe Nā Lei Hulu I Ka Wēkiu Return

Thursday, September 8th, 2011

They’re ba-aaack.

All the deets, below:

WHO: Nā Lei Hulu I Ka Wēkiu

WHAT: Kumu Hula Patrick Makuakāne and his award-winning dance troupe, Nā Lei Hulu I Ka Wēkiu, are set to return to the Palace of Fine Arts Theatre October 15 – 23 with six performances of The Hula Show 2011. Tickets are on sale now at 415-392-4400, or online at cityboxoffice.com. With stops in India, Samoa, Turkey, Spain, and Wai’anae, The Hula Show 2011 takes attendees on a global tour of dance and song. The trip is rounded out with Hanohano Kapalakiko, a suite of chants that celebrate the indelible bond and long historical ties between Hawai’i and San Francisco. These original chants were written especially for Nā Lei Hulu by Puakea Nogelmeier, the celebrated author, composer and linguist.

WHEN:

  • October 15 at 8 p.m. – opening night Champagne reception following show 
  • October 16 at 4 p.m.
  • October 21 at 8 p.m.
  • October 22 at 5 p.m. – gala benefit Lu’au & silent auction, show begins at 8 p.m.
  • October 23 at noon – one-hour matinee designed especially for children & families
  • October 23 at 4 p.m. 

WHERE: Palace of Fine Arts Theatre - San Francisco (Bay & Lyon Streets)

TICKETS: Ticket prices are $35 – $45 (reserved seating) for regular performances.  All tickets for the family matinee are $10 (general admission).  Groups of ten or more receive a 10% discount (does not apply to reception or gala). Tickets to the opening night Champagne reception (Saturday, October 15) are $90. Tickets for the gala benefit Lu’au and silent auction (Saturday, October 22) are $150 and a reserved table of ten is $1,500.  Tickets are on sale now at 415-392-4400 and online atcityboxoffice.com.

MORE: As special guests, the Golden Gate Men’s Chorus join Nā Lei Hulu for a beautiful a cappella accompaniment as they perform an Islamic chant and two Indian Ragas during the October 22 and 23 performances.  All shows feature an exciting blend of traditional and contemporary forms of hula.  

PARKING: Due to construction at the Palace of Fine Arts, parking will be limited. Attendees are encouraged to carpool, and arrive early to park. Street closure: Doyle Drive from northbound 19th Avenue/Hwy 1.Parking options: ST. FRANCIS YACHT CLUB – free parking. 700 Marina Boulevard at Yacht Road. 12-minute walk across Marina Boulevard to Lyon Street and POFA Theatre. CLAIRE LILIENTHAL SCHOOL – $10 per car. Enter schoolyard on Beach Street between Scott and Divisadero. 15-minute walk on Beach Street to POFA pond, then around pond to POFA Theatre doors. MARINA MIDDLE SCHOOL (Sunday shows only) – $10 per car. Enter schoolyard on Bay Street between Fillmore and Webster. Complimentary shuttle to and from POFA Theatre, starting 90 minutes prior to show time. For additional parking information, please visit naleihulu.org.

About Nā Lei Hulu I Ka Wēkiu

Founded in 1985, Nā Lei Hulu I Ka Wēkiu (“the many feathered wreaths at the summit, held in high esteem”) is a 501(c)(3) non-profit organization committed to teaching and preserving the Hawaiian culture through hula.  It has a performance group of nearly 40 dancers and offers classes to students in the beginning and intermediate levels.  The organization holds educational workshops throughout the year in Hawaiian language, history, and arts and crafts.  The company has performed in locations throughout California, and in New York, Las Vegas, New Orleans and Honolulu.  For further information on Nā Lei Hulu I Ka Wēkiu, call 415-647-3040 or visit naleihulu.org.

OMG, It’s Balenciaga and Spain at Your de Young Museum! Why Did Gwyneth Travel So Far To See It?

Friday, April 1st, 2011

OMG, it’s Balenciaga and Spain at your de Young Museum.

(Did you know that the de Young’s the fourth-busiest museum in America? Well, per the Los Angeles Times, it is. Hurray! [Man-splaining Mode = OFF])

Anyway, I can’t begin to tell you how little I know about Balenciaga or Spain, but I do know that Gwyneth Paltrow trekked all the way up to the 415 just to see it. So why don’t you check it out as well?

From the catalogue – strike a pose, Cristóbal:

It all ends on July 4th, 2011

See you there!

Fine Arts Museums of San Francisco Announce Plans for 2011 – Lots Coming from the de Young and Legion Museums

Friday, January 7th, 2011

See you after the jump for all the deets.

“San Francisco, January 2011––John E. Buchanan, Jr., the director of the Fine Arts Museums of San Francisco, announces a diverse roster of upcoming exhibitions in 2011 at the de Young and Legion of Honor.  Dates are subject to change. For access to the most current schedule of exhibitions, please consult the FAMSF website www.famsf.org.”

And here’s a sneak peek:

Pablo Picasso, Portrait of Dora Maar, 1937, Oil on canvas, Musée National Picasso, Paris, Photo: Jean-Gilles Berizzi/Réunion des Musée Nationaux/Art Resource, New York, © 2010 Estate of Pablo Picasso/Artists Rights Society (ARS), New York

All the deets:

(more…)

Is San Francisco Foolishly Bidding Against Itself to Land the America’s Cup in 2013? The Bay Citizen’s John Upton is Raising Issues

Friday, November 12th, 2010

Read this afternoon’s bit from the Bay Citizen‘s John Upton and then decide for yourself.

San Francisco Appears to Be Only America’s Cup Bidder - Officials have failed to identify any competitors to host sailing event”

An Agreement to Agree, For Now: America’s Cup Host City Agreement Introduced – But Ross Mirkarimi Wants “Concrete Answers”

Tuesday, November 9th, 2010

I’ve already had my say about the prospects of San Francisco hosting the America’s Cup yacht race in a few years – read the latest on the matter, below.

Larry Ellison’s fleet at the Golden Gate Yacht Club, complete with Japanese meatballs. Will it soon be expanding?

Click to expand

MAYOR NEWSOM AND MEMBERS OF THE BOARD OF SUPERVISORS INTRODUCE THE 34TH AMERICA’S CUP HOST CITY AGREEMENT

Host City Agreement Formally Sets Essential Terms and Conditions Agreed Upon by the America’s Cup Committee of the Golden Gate Yacht Club for San Francisco to Host the 34th America’s Cup if Chosen

San Francisco – Mayor Gavin Newsom, Board of Supervisors President David Chiu, Supervisor Ross Mirkarimi and other members of the Board of Supervisors today introduced San Francisco’s Host City Agreement, a final step in the consideration process to host the 34th America’s Cup. The Host City Agreement sets forth essential terms and conditions agreed upon by the America’s Cup Committee of the Golden Gate Yacht Club and the City of San Francisco in accordance with the Protocol for the 34th America’s Cup and the Term Sheet adopted by the Board of Supervisors by a vote of 9-2 on October 5, 2010.

“There is no better place and no better partner for the America’s Cup than San Francisco,” said Mayor Newsom. “With this agreement, San Francisco is making its commitment to the America’s Cup in return for the Team’s commitment to bring the world’s oldest international sailing competition and all the jobs and long-term economic benefits that come with it to San Francisco. This is the opportunity of a lifetime we must not let pass.”

In addition to Mayor Newsom, Board of Supervisors President Chiu and Supervisor Mirkarimi, the Host City Agreement was also initially co-sponsored by Supervisors Michela Alioto-Pier, Carmen Chu, Bevan Dufty, and Sophie Maxwell. The San Francisco America’s Cup Organizing Committee is also a party to the Agreement.

Hosting the America’s Cup in San Francisco would bring a beautiful backdrop, predictable winds, world-class visitor amenities and enormous spectatorship opportunities that the natural marine amphitheater of the San Francisco Bay offers. In order to provide the Team with the highest level of certainty possible regarding a number of important issues, including the venue plan, key financial terms, sponsorship opportunities, schedule and event logistics, City staff have negotiated host city agreement with the team for endorsement by the Board of Supervisors.

“We as a City are coming together to put into place the commitments necessary to host the 34th America’s Cup in our Bay waters,” said Board of Supervisors President David Chiu. “The economy of the entire San Francisco Bay Area will benefit exponentially from hosting the America’s Cup in 2013, and we are preparing to bring this world class sailing race to our world class waterfront.”

“San Francisco is the only location for this event,” said Supervisor Ross Mirkarimi. “Having been exposed during my youth to sailing and the America’s Cup, I know we have everything race organizers need, including the expertise and will, to host the ‘World Cup’ of sailing and make this event a historic success. I look forward to the Budget and Finance Committee hearing on the Agreement on December 1st, where we will hear concrete answers to the questions of how the America’s Cup will benefit the people of San Francisco and the greater Bay Area.”

The Host City Agreement envisions the use of piers along the southern waterfront and leaves open the possibility of exploring and studying other sites if there are opportunities to deliver the facilities more quickly, using fewer resources on both sides, and further enhancing the America’s Cup experience in San Francisco.
The possible alternatives are part of the Fiscal Feasibility study and will be included in the project’s California Environmental Quality Act (CEQA) review.

Hosting the Event in San Francisco would generate significant public benefits for the City, including providing a catalyst for the repair, improvement and productive reuse of City piers along the City’s central and southern waterfront that are currently in a such state of grave disrepair that there is no other viable plan to pay for the improvements. Hosting the America’s Cup would also generate an enormous amount of economic development in a very short period of time, including over 9,000 jobs and more than $1.4 billion of new economic activity.

There are additional terms in the Host City Agreement that expand upon the concepts in the Term Sheet including a number of suggestions made by members of the Board of Supervisors and the public during the prior hearings, and they include:

· Ensuring that the Event Authority receives future development opportunities commensurate with the infrastructure improvements necessary to build world class America’s Cup Village facilities on San Francisco’s public waterfront.
· As the specific plans for the 34th America’s Cup have not been finalized, the parties anticipate certain changes may be made by mutual agreement prior to the execution of the Venue Leases, the Development and Disposition Agreements for the Legacy Leases and/or the Transfer Agreement.
· Ensuring the highest environmental standards and sustainability programs are used for the America’s Cup event as well as the infrastructure improvements as well as using local labor and workforce for the infrastructure improvements undertaken by the Event Authority.
· Securing MOUs from key third parties, specifically federal and state agencies with oversight and are key parties to a successful hosting of the America’s Cup in San Francisco These include: the Coast Guard, FAA, FCC, GGNRA, Homeland Security, BCDC, to name a few.
· Affirmatively stating that the Board of Supervisors and/or the Port of San Francisco will have future discretionary approvals for the execution of the Venue Leases, Development and Disposition Agreements, Legacy Leases and Transfer Agreement, as well as any potential CEQA appeals.