Pier 29 Fire Won't Sink America's Cup

Wednesday's significant fire damage to the historic Pier 29 building along San Francisco's Embarcadero won't slow America's Cup preparations.

It's full speed ahead for America's Cup despite Wednesday's four-alarm fire that damaged a San Francisco pier being readied for the exclusive yacht race.

Pier 29 along San Francisco's Embarcadero burned for hours on Wednesday, with flames causing the roof of the historic building to collapse.

The fire began in the vacant 97-year old building at 1:50 p.m. Nobody was injured and investigators are still working to determine the cause.

The fire was under control by 3:40 p.m., by which time the entrance's arch had partially collapsed.

Pier 29 was to be used for office space or other extra needs arising during the America's Cup race, according to authorities.

Nearby Pier 27 will be transformed into a 10,000-seat stadium and starting line for America's Cup by March 2013, the Contra Costa Times reported.

Pier 27 was undamaged.

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