But the reward will be well worth the effort. Officials estimate that the 50-day event will bring 8,000 jobs to the city and account for more than $1.4 billion in additional economic activity.
But getting ready for the crowds means maximizing every part of the city. Businesses are being relocated, and 80 have already received notices of eviction. The plan is to convert those areas being cleared into spectator areas. Additionally, the city hopes to create barriers in sensitive environmental areas to protect the city’s green reputation. But the end result will be the most accessible America’s Cup on record.
From The Oakland Tribune:
The America’s Cup is expected to create 8,000 jobs and inject more than $1.4 billion into the region’s economy when the world’s fastest yachts take to San Francisco Bay in 2013.
But the anticipated 5 million spectators — with 500,000 on “peak” days — will test the Bay Area’s transportation network, sanitation systems and the environment during 50 days of racing.
The city also faces myriad challenges in preparing for the race, according to a new 1,400-page draft plan, including remaking much of the city’s historic northern waterfront between the Bay Bridge and Fisherman’s Wharf. Displaced will be a popular cabaret-style dinner theater, a wine warehouse and dozens of other businesses. Another challenge is providing spectator space along the water in this high density city.
Read the full article here.