. >> good afternoon, i am gregg debro in for tori campbell. ktvu has been told that san francisco will probably be awarded the next america's cup race. the city has been in a battle with an unnamed italian city and newport, rhode island. it could pump up to a billion dollars in the local economy. tara moriarty more. >> reporter: good afternoon. we are here live at the st.ñfrancis yacht club along the marina in san francisco where there should be a party because they have clinched the america's cup. here is the reason, the golden gate bridge, this is a natural amphitheater for viewing. you will be able to watch it from several areas. now it seems like this announcement has been drawn out, many members of the yacht club here have been paying close to attention to blogs and posts on facebook waiting to see what race organizers will decide. we know this rome and newport rhode island were competitors. it wanted to host after they captured the trophy in february off the coast of spain. >> it is going to be a dream come true, just like giants winning