america-cupsf.jpgRelated: Daly Vows to use CEQA, Lawsuits in “White Squall” To Halt America’s Cup

San Francisco supervisors today approved a nonbinding term sheet for the city’s proposal to host the 2013 America’s Cup sailing race despite concerns by some supervisors about the impact it would have on the city.

San Francisco is competing with Spain and Italy for the internationally known regatta, which Oracle CEO Larry Ellison’s BMW Oracle Racing team won earlier this year on behalf of San Francisco’s Golden Gate Yacht Club.

As the winner, Ellison’s team and the club get to choose the site of the next race in spring 2013.

The board approved the term sheet this afternoon by a 9-2 vote with supervisors Chris Daly and John Avalos dissenting.

The terms outline the city’s proposal for the race, including a venue plan, financial terms, sponsorships, a schedule and event plans. It would also include long-needed repairs to piers along the bay waterfront.

Mayor Gavin Newsom has said the race could bring $1.2 billion and thousands of jobs to the local economy.

A binding agreement would come back before the supervisors for approval at a later date, but Daly and Avalos worried that a yes vote today would set an irreversible process in motion, even if problems crop up later.

“Will this be good for San Francisco? I am not so sure,” said Daly, whose district includes part of the waterfront and, he said, would be most affected by the race.

Daly said financial questions remain and that hosting the race could end up costing the city “tens of millions of dollars.”

He also complained about not being consulted by his colleagues on the matter and threatened to “make sure that these boats will never see that water.”

“I got a bee in my bonnet…that is a billionaire’s boat race,” he said.

Supervisor Michela Alioto-Pier, whose district lies along the northern waterfront and includes the Golden Gate Yacht Club, countered that she had no reservations about the term sheet.

“I pray to God that Ellison says yes,” she said.

Alioto-Pier said San Francisco’s history is rooted in the bay and the impact of the America’s Cup on the city would be “great.”

“It will be positive,” she said.

Supervisor Ross Mirkarimi called it “a once-in-a-lifetime-opportunity” for San Francisco.

The mayor’s Office of Economic and Workforce Development pledged to return to the board in the next few weeks with a fiscal feasibility study on the race.

But, Avalos warned, “A term sheet provides a framework that is almost a foregone conclusion.”

Board President David Chiu urged his colleagues to approve the term sheet today, adding that future approval would be subject to an environmental review.

“If we wait, this will not be a good sign to the America’s Cup team, as we are competing with two countries,” Chiu said.

Ari Burack, Bay City News

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  • AC34inSF

    Congratulations to the Board for ignoring the likes of Daly who sounds like a complete and total pill.

  • AC34inSF

    Congratulations to the Board for ignoring the likes of Daly who sounds like a complete and total pill.

  • areallyniceguy

    I am a hard-working progressive (gasp!) guy who lives in San Francisco and works in the hospitality industry. My ability to make money is based on a pretty simple formula; when my hotel is busy, I get more work hours and make more money. There are thousands of people in my shoes. When worker hotels are busy, so are restaurants workers, sales clerks, cab drivers, museum workers, etc. When we make money, we are able to spend more money in restaurants, stores, on taxis, and visiting our cultural institutions. In other words, we spread our love around the city we love.

    Chris Daly does not love us, nor does he love San Francisco. Be prepared to see him pull off as many hateful political stunts as possible before he leaves office.

  • areallyniceguy

    I am a hard-working progressive (gasp!) guy who lives in San Francisco and works in the hospitality industry. My ability to make money is based on a pretty simple formula; when my hotel is busy, I get more work hours and make more money. There are thousands of people in my shoes. When worker hotels are busy, so are restaurants workers, sales clerks, cab drivers, museum workers, etc. When we make money, we are able to spend more money in restaurants, stores, on taxis, and visiting our cultural institutions. In other words, we spread our love around the city we love.

    Chris Daly does not love us, nor does he love San Francisco. Be prepared to see him pull off as many hateful political stunts as possible before he leaves office.

  • AC34inSF

    Well said ARNG, it is amazing how folks don’t think about the potential impact that a World Class event will bring to the city.

  • AC34inSF

    Well said ARNG, it is amazing how folks don’t think about the potential impact that a World Class event will bring to the city.

  • Al

    …so that justifies the city spending $270 million on it (not to mention 75 years of free rent)? That’s $300 for every man, woman and child in the city. But hey, if your hotel is busy, I guess it’s ok?

  • Al

    …so that justifies the city spending $270 million on it (not to mention 75 years of free rent)? That’s $300 for every man, woman and child in the city. But hey, if your hotel is busy, I guess it’s ok?

  • AC34inSF

    Al it appears you do not understand how things like this work all you see is a UpFront cost and not any benefit to the infrastructure, hotel nights, restaurant revenues, shopping etc that it brings nor are you thinking of the positives that it brings San Francisco as far as advertising world wide as this is a Global Competition.

    What does that mean?

    A Really Nice Guy stays employed, picks up a little overtime and then heads out to hang with some friends and spends his money in town and it all trickles down to others in the community. It does not stay in on mans pocket nor does it suck money out of SF, it can only benefit it. Most folks do not realize the huge impact an event likes this can be as Yacht Racing is a misunderstood professional Sport.

    How often does the City offer a corporation tax breaks to keep them in SF? How much did you agree to in Public Bonds for the Giants Stadium on the waterfront? How much have politicians wasted in SF on pet projects and boondoggles that you will never benefit from.

  • AC34inSF

    Al it appears you do not understand how things like this work all you see is a UpFront cost and not any benefit to the infrastructure, hotel nights, restaurant revenues, shopping etc that it brings nor are you thinking of the positives that it brings San Francisco as far as advertising world wide as this is a Global Competition.

    What does that mean?

    A Really Nice Guy stays employed, picks up a little overtime and then heads out to hang with some friends and spends his money in town and it all trickles down to others in the community. It does not stay in on mans pocket nor does it suck money out of SF, it can only benefit it. Most folks do not realize the huge impact an event likes this can be as Yacht Racing is a misunderstood professional Sport.

    How often does the City offer a corporation tax breaks to keep them in SF? How much did you agree to in Public Bonds for the Giants Stadium on the waterfront? How much have politicians wasted in SF on pet projects and boondoggles that you will never benefit from.

  • AC34inSF

    Al it appears you do not understand how things like this work all you see is a UpFront cost and not any benefit to the infrastructure, hotel nights, restaurant revenues, shopping etc that it brings nor are you thinking of the positives that it brings San Francisco as far as advertising world wide as this is a Global Competition.

    What does that mean?

    A Really Nice Guy stays employed, picks up a little overtime and then heads out to hang with some friends and spends his money in town and it all trickles down to others in the community. It does not stay in on mans pocket nor does it suck money out of SF, it can only benefit it. Most folks do not realize the huge impact an event likes this can be as Yacht Racing is a misunderstood professional Sport.

    How often does the City offer a corporation tax breaks to keep them in SF? How much did you agree to in Public Bonds for the Giants Stadium on the waterfront? How much have politicians wasted in SF on pet projects and boondoggles that you will never benefit from.

  • AC34inSF

    Al it appears you do not understand how things like this work all you see is a UpFront cost and not any benefit to the infrastructure, hotel nights, restaurant revenues, shopping etc that it brings nor are you thinking of the positives that it brings San Francisco as far as advertising world wide as this is a Global Competition.

    What does that mean?

    A Really Nice Guy stays employed, picks up a little overtime and then heads out to hang with some friends and spends his money in town and it all trickles down to others in the community. It does not stay in on mans pocket nor does it suck money out of SF, it can only benefit it. Most folks do not realize the huge impact an event likes this can be as Yacht Racing is a misunderstood professional Sport.

    How often does the City offer a corporation tax breaks to keep them in SF? How much did you agree to in Public Bonds for the Giants Stadium on the waterfront? How much have politicians wasted in SF on pet projects and boondoggles that you will never benefit from.

  • Marce

    Al, Your information is incorrect. The proposal is for $270 million to be raised from private sources, not from the city of SF.

    SF Appeal has revised its original story with that incorrect information.

  • Marce

    Al, Your information is incorrect. The proposal is for $270 million to be raised from private sources, not from the city of SF.

    SF Appeal has revised its original story with that incorrect information.