CA SCR124

Petitions the BMW ORACLE Racing Team representing the Golden Gate Yacht Club to designate San Francisco as the host city for the 34th Defense of the America's Cup in 2013 or 2014.

Urges the State of California to support San Francisco's bid to host the event and to establish a coordinated state government response for securing permits and issuing documents like driver's licenses for international competitors.

Acknowledges that economic studies estimate the America's Cup event would generate $1.4 billion in economic impact for the San Francisco Bay Area and create 8,800 jobs, with total statewide and national impacts reaching $1.9 billion and approximately 12,000 jobs.

Notes that BMW ORACLE Racing won the America's Cup on February 14, 2010, in Valencia, Spain, returning the trophy to the United States for the first time since 1995 when San Diego hosted the last defense.