San Francisco Officials Put Finishing Touches On America's Cup Bid

SAN FRANCISCO (KCBS) - It was a working weekend for San Francisco officials trying to sew up the City's bid to host the next America's Cup yachting series.

The latest details of the offer were expected before the Board of Supervisors, with a final vote set for Tuesday.

KCBS' Tim Ryan Reports:

Outgoing Mayor Gavin Newsom, who would soon be sworn in as California's Lt. Governor, was hopeful.

"The fact is though, this thing is 99% done," he said of the status of the proposal. "We're going to present an outstanding bid and I'd be shocked if they rejected it."

"What you've heard from most of the board is that we're all supportive of America's Cup, as a concept, coming here," Supervisor John Avalos weighed in. "I think that a number of us believe that we still have an obligation to ask the tough questions to make sure that it's a good deal for the City."

Avalos' vote could be a crucial one.

"If some of the changes that we ask for happen, which seem like they will happen, I think that many of us will be supportive."

Among the more contentious issues was ironing out who would have rights to develop the venue after the 2013 competition, plus how much money San Francisco would contribute to the bid.

"It's been a little bit difficult competing against phantom nations like Italy and Spain when we have no idea what the terms of the deals are," pointed out Supervisor Ross Mirkarimi.

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