SF taxpayers could be stuck with America's Cup bill

SAN FRANCISCO

According to the San Francisco Chronicle, fundraising efforts to cover an estimated $34 million in police, cleanup and transportation costs are falling short.

So far, just $14 million have been raised for the event which is just six months away. That means taxpayers could be saddled with the remaining $20 million.

The event was originally supposed to bring in $300 million to the city.

But it has been downsized from 12 international teams to just three, and that has dried up corporate sponsorship for the event.

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