Newport, RI, Loses Bid to Host America’s Cup

Well, folks, it’s over: San Francisco has committed to investing in new infrastructure and knocked Newport, Rhode Island, out of the race to hold the next America’s Cup. For a heady 2 weeks it looked as if the Cup might return to its East Coast birthplace, and possibly bring in one billion dollars in revenue to Rhode Island, but in the end San Francisco rallied to beat the underdog challenger. Here’s what the Providence Journal had to say:

Projo.com: In the end, Rhode Island’s feverish efforts to woo the America’s Cup back to the place many in Rhode Island and the sailing world believe is the trophy’s true home failed on the last night of the year.

The news, officially delivered just four hours before the stroke of midnight on the East Coast, dashed hopes for revelry in Newport.

San Francisco has been selected as the host city for the 2013 America’s Cup Finals, the Challenger Selection Series for the Louis Vuitton Cup and an America’s Cup World Series event in 2012, the America’s Cup Event Authority announced in a news release Friday night.

Read the full article:

Providence Journal: Projo.com

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