America's Cup Falls Short of Economic Expectations

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America's Cup Falls Short of Economic Expectations
Ezra Shaw/Getty Images

SAN FRANCISCO (KGO) -- The America's Cup is supposed to be a money machine for San Francisco beginning with an expected $13 million in projected tax revenue, but what began with 15 boats is now down to four and there's plenty of economic disappointment along Fisherman's Wharf. It's hard to believe by looking at the crowds, but this is the land the America's Cup has passed by in two ways, not one. The first of them happened again on Wednesday, just off shore, with the literal passing by of the racing boats. As for the second, ask a question of passing tourists.

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