America's Cup Funding Shortfall?

at 9:00 AM
 (Ezra Shaw/Getty Images)

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.


John Avalos, San Francisco supervisor representing District 11

Jane Sullivan, city spokesperson for the America's Cup