SF Economic Impact Estimates Revised for 2013 America’s Cupposted: 3/22/2013
The report by the Bay Area Council Economic Institute scaled back revenue and cost projections. The area is still expected to see more than $900 million in economic activity, but the figure is down from an expected $1.4 billion. Costs have also shrunk from about $32 million to $22.5 million.
The San Francisco Chronicle reported Mayor Ed Lee was leading efforts to raise $20 million from private donors.
Racing begins July 4, and the finals will be held in September. The event is expected to attract about 2 million people.