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Be careful with America's Cup


POSTED: 01:30 a.m. HST, Mar 13, 2014

~~<p>Far be it from us to begrudge a billionaire his boat race, but Hawaii elected officials who are salivating over the prospect of hosting the America's Cup better take a hard look at San Francisco's experience before they give away the store.</p>
<p>Even Bay Area officials who would like the international sailing regatta to return to that city acknowledge that the positive economic impact of the 2013 event fell far short of projections. Critics &mdash; and there are many &mdash; would be happy to see software entrepreneur Larry Ellison and his competitive yachting crowd move on.</p>
~~

Far be it from us to begrudge a billionaire his boat race, but Hawaii elected officials who are salivating over the prospect of hosting the America's Cup better take a hard look at San Francisco's experience before they give away the store.

Even Bay Area officials who would like the international sailing regatta to return to that city acknowledge that the positive economic impact of the 2013 event fell far short of projections. Critics — and there are many — would be happy to see software entrepreneur Larry Ellison and his competitive yachting crowd move on. Login for more...



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