Organizers of the next America's Cup say Rhode Island is a top contender to host the next round in 2013.
Golden Gate Yacht Club board member Tom Ehman says that organizers are serious about hosting in Newport, Rhode Island, but need assurances that Fort Adams State Park can be ready in time.
Newport is competing with San Francisco and other locations to host the competition. A decision is expected by the end of the year.
Rhode Island officials say hosting the event could produce thousands of jobs in a state with about 11 percent unemployment rate, but Governor-Elect Lincoln Chaffee wants to weigh hosting versus cost before committing.
The state launched an aggressive bid this year to bring the America's Cup races back to Newport, which hosted the competition from 1930 until 1983.
Yes, we all remember Ted Turner peeking out from underneath the table when Captain Courageous won the Cup himself...
And it was awesome...
Here's coverage of the update, thanks from our friends at WPRI-TV in Providence...
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