San Francisco approves term sheet
San Francisco's Board of Supervisors voted 9-2 on Tuesday to approve a nonbinding term sheet for hosting the 34th America's Cup in 2013.
The vote -- with Chris Daly and John Avalos dissenting -- is a significant step in the bid to host sailing's marquee regatta on San Francisco Bay.
San Francisco, home to America's Cup champion BMW Oracle Racing, is the only U.S. city being considered to host the regatta. BMW Oracle Racing, owned by software tycoon Larry Ellison, is evaluating similar ...
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