Gov. Jerry Brown this week signed a bill that will fund improvements to the Port of San Francisco.
Assembly Bill 664 clears the way for the upgrades to be made in time for the city to host the 2013 America’s Cup yacht race, according to a news release. The event is thought of as on the level of the Olympics and World Cup.
Brown said the event will put “wind in the sails” of the ports revitalization. The race is expected to draw around 450,000 visitors, create more than 8,000 jobs, and pump about $1.2 billion into the economy, according to the release.
Besides financing improvements needed for the America’s cup, the revitalization plan will include construction of a cruise ship terminal at Pier 27, which is expected to give local tourism a boost.
“This bill gives San Francisco the flexibility it needs to finance important waterfront improvements,” Brown said in a statement. “The Port of San Francisco is a beautiful urban coastline, but its infrastructure needs a lot of work. By helping the city build capacity to play host to the world’s premier maritime event, this law is going to put wind in the sails of waterfront revitalization and bring tourism and jobs to San Francisco.”
–Photo by Erik Jaeger, Flickr Creative Commons
See also previous feature article in UrbDeZine (Jerri Holan, 4/18/2011): The New Waterfront: San Francisco’s American Cup Catalyst