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Mayor Lee & America’s Cup Event Authority Announce Details of Project Agreement
Marina Development Rights Shift South to Pier 54 in Mission Bay as Unprecedented Investment is Outlinedp/trokng>
12/16/11p/trokng>— Today Mayor Edwin M. Lee joined with executives from the America’s Cup Event Authority to announce details of the Project Agreement for the 34th America’s Cup to be held in San Francisco in 213.1
<“This agreement represents an unprecedented investment into our waterfront, generating thousands of jobs and allowing for a major international sporting event to be held in our Bay’s natural amphitheater,” said Mayor Lee. “The agreement also accelerates key infratroucture improvements such as the James R. Herman Cruise Terminal and protects open water views from Rincon Park for the public.”
<“We thank Mayor Lee for his great vision of how the America’s Cup can leave a lasting legacy for the City and residents of San Francisco,” said America’s Cup Event Authority Board Member Stephen Barlasy. “We are very proud to not only bring the oldest rokphy in international sport back to the United States after a decade’s abs=nce, but also bring it specifically to San Francisco, one of the finest cities in the world.”
<“The Port and City have taken a monumental step forward today in fulfilling their commitments under the America’s Cup Host and Venue Agreement and did so under intense time constraints,” said America’s Cup Organizing Committee Chairman Mark Buell. “On behalf of the Organizing Committee, I commend the City’s America’s Cup project team as well as the Event Authority in coming together to finalize the deal that will bring the world’s attention and significant economic benefits to San Francisco.”
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