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America’s Cup Fundraising Losing Wind

huffingtonpost.com:  America’s Cup fundraising is hitting a snag, apparently – and the City of San Francisco, used to taxing and fining, may have to take the same approach with the America’s Cup as it does with people who overstay their turn at their parking meter.  The America’s Cup committee is not bound to a specific fundraising target in that it will not suffer any contractual penalties if it fails to meet its goal:

 [A]ccording to a report by released by City Controller Ben Rosenfield, the committee’s fundraising efforts so far have given his office little confidence that that the race’s backers will reach their goal unless the pace picks up considerably.

“Given the ACOC’s expenses and fundraising payout schedules, significant fundraising beyond those achieved to date will be required to honor the $32 million fundraising goals outlined in the Host Agreement over the coming three years,” wrote Rosenfield.

Read the entire article here.

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Captain Clint

Owner and ASA Instructor at Go Sail Arizona
U.S.C.G. Licensed 100 Ton Master American Sailing Certified Sailing InstructorCertified to instruct levels: 101, 103, 104, 105, and 114.Awarded 2017 and 2024 Outstanding Instructor of the Year!Hello! My name is Clint Sutter, owner of Go Sail Arizona. I am a USCG licensed captain and American Sailing sailing instructor since 2012I am an identical twin and native to Arizona. I have a son named Ethan and a Border Collie named Hoji who I love very much. I've owned many boats over the years from small performance dinghies to catamarans and larger cruising sailboats here in Phoenix, Southern California and the Caribbean.I have decades of experience skippering large mono and multi-hull sailboats along the west coast from San Francisco to Cabo San Lucas and the Caribbean from Grenada to the Grenadines and the Virgin Islands.My goal is to share the sport of sailing with as many as I can in hopes that it makes them as happy as it has made me. I want to see sailors go places. My hopes are to see the many I've met along the way in all parts of the world sailing and making new friends.I am currently a member of American Sailing, US Sailing, The Arizona Yacht Club, The Lake Pleasant Sailing Club, Marina Sailing, and I am Arizona's ambassador for American Sailing's GoSailing App.
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