AP – America's Cup officials are negotiating with Newport, R.I., even as San Francisco attempts to come up with a winning bid to host sailing's biggest regatta.
Tony Winniker, a spokesman for San Francisco Mayor Gavin Newsom, says the Board of Supervisors' Budget and Finance Committee has endorsed a host city agreement and sent it to the full board, which is scheduled to vote on it Tuesday.
The Golden Gate Yacht Club said in a letter to Newsom on Saturday that San Francisco will lose the right to host the America's Cup in 2013 unless an acceptable deal is in place by Friday.
Meanwhile, GGYC official Tom Ehman says Newport could be ``an inexpensive and very, very good'' alternative if San Francisco doesn't pan out.
GGYC also is considering a bid from Italy.
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