No company wants to sink their dollars into a city that's as unfriendly to businesses as Venezuela. If the city wanted the event to generate the revenues they were expecting they shouldn't be sabotaging it at every turn. Looking forward to the 35th America's Cup in San Diego.
Venezuelans may be poor but at least they are guaranteed a roof over their heads with running water and sewers supplied by the local governments, free building materials placed by the roadside with do it yourself plans and six dollars a day minimum livable wage, that was in 1988.
PS this is the kind of Socialism including health care that is no good for Americans?
This sounds like s bunch of rich people siding with a really rich person lol wow go figure that out !
come on Larry the 10 to 20 million for the boat race is nothing to you .
Our municipalities are suffering financially. Do we really know how this is going to affect the economy of SF and the Bay Area. While it is true that Larry Ellison has helped a lot of charities do progressive acts he has also benefited as well because of who he is. I think it is fair to ask him to carry most of the load. Oracle has done very well.
32 m for Larry but 1.00 dollar each or less from each Californian. This is capitalism he has a right to save any dollars he can. There is a plus side to this as he is bringing tourism to San Francisco perhaps 150,000 people who will spend at least 500-1000 dollars each; that's $75,000,000-150,000,000 to the local economy. This is a win win situation so stop quibbling about 32M.
With the way the economy is and the increase in poverty and homelessness we need all the help we can get. And are we sure of these numbers?
Perhaps they could make an equal trade: San Francisco foots the bill for the race, Larry Ellison foots the bill for San Francisco's public schools for 10 years. While you can't measure the value of fun in dollars, this trade would come close to being fair, and somebody would come out of it a hero.
There are lots of people who donate to various causes, but don't get taxpayers dollars to support their ventures. Same should go for building sports arenas - let the owners absorb the costs. No one helped me build my business.
this is an investment for San Francisco with a probable return?
why did the city of S.F. agree to the race in the first place? I blame the fund raising committee,, tell them to fix it..next time have Mr Ellison sign a contract to pay the difference if cost is not met.. if he wants a boat race in his back yard..dam greedy rich people.,,
It's run by Democrats... these footsie-footsie games with rich people has ALWAYS been how they do things... pretend to care for the poor, while really catering for the rich. It's been the Democrat party's way of doing things since the national capital was New York City and Tamanny Hall ran things.
Pardon "Anna Marrie"
What's happening with this petition? Any new developments?
If he owes money then he owes money. Socialist, non-socialist, who gives a dam. Quit bullying in your comments here on this website, of all places. Slag each other somewhere else. If others (monied or otherwise) paid to participate/play, why should he be exempt? Yes, it's lovely that the event brings in tons of money and goodwill for beautiful San Francisco; the fact remains he knew it cost money to participate and he refuses to pay. He is, therefore, wrong. A contract is a contract is a contract.
Our Bondy went to jail for some fraud after taking the Amercas cup from th eUS in the eightees and we all still love him for it, something not a yachtsman in Australia will ever forget