SF strongly considered to host 34th America's Cup

Members of BMW Oracle Racing and dignitaries stand with the America's Cup during a homecoming ceremony Saturday, Feb. 20, 2010, in San Francisco. The trophy returned to the United States for the first time in 15 years after BMW Oracle defeated Alinghi 2-0 in Spain. At bottom left are San Francisco Mayor Gavin Newson, Charlotte Mailliard Shultz, former U.S. Secretary of State George Shultz, BMW Oracle Racing owner Larry Ellison and his wife Melanie Ellison. (AP Photo/Noah Berger)

May 6, 2010 11:03:08 AM PDT
Officials announced that San Francisco is still one of the cities being strongly considered to host the 34th America's Cup.

Officials say the legendary race will most likely be held in either 2013 or 2014. The venue will be announced by the end of this year.

Officials say the city that hosts the international event will need to create an America's Cup village suitable for a series of regattas, fans, and the media. That's expected to cost a host city hundreds of millions of dollars to create.

They also said a new class of boat will be used, which is still in the designing stage and the race will be more media friendly with specific start and finish times.