America's Cup organizers are falling short in their efforts to raise private donations to help pay for the cost of bringing the America's Cup sailing competition to San Francisco -- and that could leave the city on the hook for about $20 million. The Board of Supervisors holds hearings Wednesday to discuss the shortfall. Supporters say even without all of the promised private funds, the city still benefits financially from hosting the America's Cup.
America's Cup Funding Shortfall?
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(Ezra Shaw/Getty Images)
John Avalos, San Francisco supervisor representing District 11
Jane Sullivan, city spokesperson for the America's Cup