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Economics of hosting America’s Cup

Published on March 13th, 2013

Fewer teams, fewer spectators and fewer super yachts mean the America’s Cup regatta is no longer expected to generate more than $1 billion for the Bay Area’s economy, according to a new report, but it also means it will cost substantially less to host sailing’s most storied event. San Francisco’s costs have similarly shrunk from an estimated $32 million to $22.5 million, leaving an eminently reachable target of about $3 million more in private fundraising to cover the city’s costs if tax revenue comes in as projected, according to reports The Chronicle obtained Tuesday. Read more

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