Billionaire Larry Ellison wants to hold the 2017 America's Cup yacht race in Hawaii. The San Francisco Chronicle reported today that Ellison, who owns 98 percent of the island of Lanai, wants the next America's Cup to involve regattas all over the world, leading up to the Louis Vuitton Cup, and the main event, the America's Cup, likely taking place in Honolulu. The current host city is San Francisco. The Associated Press is reporting that last summer's regatta generated less economic impact in the Bay Area than projected and cost city taxpayers more than $5 million. Ellison told the San Francisco Chronicle that there's a lot of work to do, including making deals with all the cities where the America's Cup wants to hold races. And, an agreement has to be reached with the Challenger of Record - the Hamilton Island Yacht Club of Australia.
Posted March 10th, 2014 @ 1:35pm