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"America\u2019s Cup officials expect The City to present a new waterfront development agreement today, but negotiators were reportedly far apart as of late Tuesday afternoon.\u201CIf we don\u2019t agree, there are serious questions about the cup being held in San Francisco,\u201D said Stephen Barclay, chief operating officer for the regatta.The division remains despite a great sense of urgency expressed by race officials, who say preparations need to get under way soon if the event is to be held in San Francisco over the next two years.City officials were mum on the talks Tuesday, as they attempted to finalize the agreement under which race organizers would investment in dilapidated waterfront piers in exchange for lucrative long-term development rights on bayside property controlled by the Port of San Francisco. The mounting pressure to get a deal was evidenced on Monday, when negotiations were ongoing even as City Hall was closed to the public.The proposed new deal is expected to be presented at 1 p.m. today at a Board of Supervisors committee hearing."^^<http://www.w3.org/2001/XMLSchema#string>
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