America's Cup cost San Francisco $11.5 million
SAN FRANCISCO (KGO) -- San Francisco's red ink from hosting the America's Cup has now nearly doubled.
New figures from the city show San Francisco lost $11.5 million.
Numbers released back in December showed the event had cost taxpayers at least $5.5 million, but that didn't include expenses for the Port of San Francisco.
The report also found the America's Cup provided jobs for 517 city residents out of a total of 2,800 jobs.
america's cup, san francisco bay, boats, competition, tourism, larry ellison, economy, sports
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