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City officials announced today that a piece of the America’s Cup is coming to Alameda: One of the eight teams competing in the sailing regatta is setting up shop at Alameda Point.

Artemis Racing, which represents the Royal Swedish Yacht Club and is the challenger of record for the Cup, is leasing a 110,000-square-foot former airplane hangar at Alameda Point. The team has signed a three-month lease - enough to get them through the World Series races in San Francisco this summer - with an option to remain for up to a year, Alameda Community Development Director Lori Taylor said.