JANUARY 1 2011 07:05h
Report: S.F. gets America's Cup
Citing sources it did not identify, the newspaper said San Francisco will be picked, although no formal announcement has been made -- and a spokeswoman for the event, speaking on the record, said "no decision has been made."
Spokeswoman Stephanie Martin said "no city has been ruled out," the Chronicle reported.
Other cities, including Newport, R.I., have been in the running for the 2013 regatta -- an event the newspaper said generates more economic benefit than any other international sporting event except for the Olympics and the World Cup.
The agreement to hold the race in San Francisco Bay calls for organizers to pay $55 million to upgrade city-owned piers, among other things, the Chronicle said.
SAN FRANCISCO, Jan. 1 (UPI) -- San Francisco will be named host city for the next America's Cup, the San Francisco Chronicle reported Friday.