Newport needs to tweak America's Cup proposal

Providence, RI – Rhode Island is still in the running to host the 2013 America's Cup sailing race, but race organizers aren't completely satisfied with the Ocean State's plan.

A representative from BMW Oracle- the winner of the last America's Cup and the team charged with choosing the event's next location- says Newport is still a serious contender. But race organizers need more proof that proposed renovations at Fort Adams will be completed in time for the race.

Changes include new piers, docks, and parking facilities around the fort as well as renovations to the building itself.

The Rhode Island Economic Development Council expects the America's Cup would create hundreds of jobs in the Ocean State, but it hasn't said how much the event would cost Rhode Island. A committee is still working on an economic analysis.

Until recently, San Francisco was BMW Oracle's top choice for hosting the Cup, but city officials are struggling to put together a financially viable plan. Race organizers will pick the location by the end of this month.

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