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The city received more than $550,000 in rent from the America's Cup sailing teams based at Alameda Point, and city officials should be ready to build on that success if the race returns to San Francisco Bay, the City Council will hear Tuesday.

Sweden's Artemis Racing team set up at a former aircraft hanger in May last year, while Italy's Luna Rossa Challenge has occupied an adjacent building for the past seven months.

"The presence of the Artemis team in particular has had a ripple effect in the local economy," Debbie Potter, the city's interim community development director, said in a background report for the council. "The Artemis team has contracted with many Alameda businesses for local hotel accommodations, gym facilities, daily catering, custodial services and marine and building supplies."