aware that there had been some modifications by city negotiators in order to meet the demands of bmw oracle by the event authority, by december 31. up until that point, there had been a number of meetings, a series of meetings and the minister by us here at the board of supervisors and the budget committee that really helped watchdog and spotlight the evolving discussion of what our city position was going to be in securing the right to host america's cup. i was one of its earliest supporters in trying to rally the city family from the board in recognizing, i think, the benefits of us pursuing the america's cup vigorously and proud of the fact that we were able to do so collectively. i also made it clear that in the course of that pursuit, that this be a deal unlike any other for san francisco city and county and, frankly, for the bay area because of our leadership in pursuing this deal, that we are obligated in making sure that process and the governance of how this deal is to be transacted is really beyond approach in its integrity and the fact that transparency and the integrity of that

it was the bmw's oracle race team winning boat in valencia, spain. in other words, it's the king of the sailing world. >> this boat represents the greatest sailing technical design project that's ever been done and building project, you know, one of the largest and definitely fastest boats to ever have entered america's cup. >> the boat is mostly retired but it's coming to the city as an ambassador for the 2013 races. fully assembled with masts it stands 20 stories and wouldn't even fit under the golden gate bridge. >> one of our first jobs here is the shed where you're going to be doing this, an extra 60 feet. >> the america's cup race is expected to transform the city's waterfront and generate more than $1 billion in revenue. port officials say today's delivery by cargo ship is just the beginning of that promise. >> this those people, at least it shows me, that the america's cup means jobs and it means an economic shot in the arm for the city and for the region. >> for team techtition joe koseky he'll rush to the bay where he knows sailing. he's ex