RI Loses America’s Cup Bid

PROVIDENCE, R.I. (AP) – Rhode Island has lost its bid to host

the 34th America's Cup match.

Champion BMW Oracle Racing said Thursday that San Francisco is

now the only U.S. city being considered to host, dashing the hopes

of state officials who believed the cup's return to Newport for the

first time since the 1980s could reinvigorate the state's dismal

economy.

Team CEO Russell Coutts told state officials that Newport will

be given “top priority” to host U.S.-based pre-regattas that will

be held in the years leading up to the race, which is expected to

happen in 2013 or 2014.

Team owner and billionaire software mogul Larry Ellison had

earlier stated his preference for San Francisco and did not attend

last week when the team visited Newport with the trophy.