(San Francisco mayor) Ed Lee has plan to fundraise for Olympics
Mayor Ed Lee wants to establish a permanent nonprofit organization to help San Francisco secure major sporting events, from the Super Bowl to the 2024 Summer Olympic Games, he said Friday.
The idea grew out of Lee's recent effort to raise up to $20 million to help cover the city's cost for hosting the America's Cup regatta this summer after a group of civic leaders struggled with fundraising efforts to defray city costs.
Lee is in the early stages of creating the nonprofit, OneSF, to build on the regatta efforts and anticipated fundraising to host a Super Bowl. The idea is to create a permanent organization with funding from corporate and philanthropic donors to attract major national and international events.
"I want to be able to raise the money from people who want these events to come to the city successfully, and want to keep them coming," Lee told The Chronicle's editorial board Friday. "Everybody derives a huge benefit from hosting international events like this."