Ellison’s team is actually sponsored by the city’s Golden Gate Yacht Club, and all the supervisors had to agree to was some $80 million in infrastructure upgrades and long-term leases on select pieces of waterfront property. After the 11-0 vote was handed down, San Francisco mayor Gavin Newsom quickly signed the order. If the city had not approved the bid by Friday, San Francisco’s chances would’ve been severely hampered, as race organizers wanted some assurances before making a final decision.
San Francisco Close to Securing America’s Cup
Wired
December 15, 2010
